A certain whale deposited $250 million BTC into the Aave protocol and lent ETH to short ETH/BTC trading pairs

According to a report by Golden Finance, as monitored by blockchain analyst Lookonchain (@ lookonchain), a whale is shorting ETH/BTC trading pairs. The whale extracted 2770 cbBTC (approximately $243 million) from Coinbase, then deposited 2219 cbBTC (approximately $194.6 million) into the Aave protocol and lent 45441 Ethereum (approximately $99 million).