【Coin Circle】A recent interesting on-chain movement — a whale deposited 15,000 ETH as collateral through Aave during the drop on May 27th, and borrowed 40 million USDT in one go. The money didn’t sit idle; it was immediately used to buy 10,389 ETH on Binance at an average price of around $3,850.
This operation appears to be leveraging stable coins while counter-cyclically accumulating ETH — a classic leveraged position-building strategy. When market panic strikes, major holders are actually accumulating chips; such movements have always been worth noting — they often reflect the judgments of smart money. From on-chain data perspective, such large-scale operations themselves signal that someone is betting on future market direction.
巨鲸5月下跌时借USDT购ETH，チェーン上の大口投資家は何をしているのか？
【Coin Circle】A recent interesting on-chain movement — a whale deposited 15,000 ETH as collateral through Aave during the drop on May 27th, and borrowed 40 million USDT in one go. The money didn’t sit idle; it was immediately used to buy 10,389 ETH on Binance at an average price of around $3,850.
This operation appears to be leveraging stable coins while counter-cyclically accumulating ETH — a classic leveraged position-building strategy. When market panic strikes, major holders are actually accumulating chips; such movements have always been worth noting — they often reflect the judgments of smart money. From on-chain data perspective, such large-scale operations themselves signal that someone is betting on future market direction.