Deposit of 106K ETH and Borrowing 180M USDC in One Day, 'BTC OG Insider Whale' New Address Adds 23K ETH to Aave

According to on-chain data from January 26, a new address associated with the 'BTC OG Insider Whale' withdrew 23,000 ETH from Binance and deposited them into the Aave protocol. This move has generated significant market attention.

Currently, this address holds a total of 106,000 ETH on Aave, worth approximately $308 million at current ETH prices. By collateralizing these ETH, the address has borrowed $180 million in USDC, with a health factor of 1.42, indicating a relatively secure loan status.

This series of actions highlights the whale's deep engagement with the Ethereum and lending markets, while also sparking discussions about potential market volatility.