Major investors urgently borrowed tens of millions of USDT from Aave, with ETH unrealized gains already exceeding 50 million — what is the intention?

2026-01-20 03:28:12

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【Chain News】On-chain data shows an interesting operation. A well-funded address has just borrowed 10 million USDT from the Aave protocol, and then the funds were directly transferred to Binance. Looking at the historical holdings, this wallet is not a newcomer — it now holds 626,778 ETH, with a market value approaching $1.94 billion. The initial cost basis was $3,105.5 per ETH.

What does this mean? The unrealized profit on the books has already reached $53.52 million. Now, suddenly borrowing USDT and depositing it into an exchange, market speculation generally points to two possibilities: either preparing to further increase ETH holdings and lower the average cost; or making preparations for a certain strategy. At this point, the actions of large investors often indicate the true attitude of market participants about the future — after all, real money talks and never lies.

ETH-7,51%

AAVE-5,79%

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SmartContractRebel

· 14m ago

This move by the big players is really impressive. Over 620,000 ETH are still being added to the position... I just want to know if they genuinely believe in this or if they're hedging something.

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TxFailed

· 21h ago

honestly? borrowing 10M USDT just to dump it on binance screams either panic hedging or they know something we don't... learned this the hard way watching liquidation cascades, never ends well when whales get nervous like this

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