A giant whale is shorting the ETH/BTC exchange rate pair, depositing 2219 cbBTC with Aave and lending ETH.

According to Lookonchain, a giant whale is shorting the ETH/BTC exchange rate pair. The giant whale raised 2,770 cbBTC ($243 million) from Coinbase, deposited 2,219 cbBTC ($194.60 million) into Aave, and lent 45,441 ETH ($99 million).