ChainCatcher message, according to Lookonchain monitoring, the BTC OG insider whale is not only deeply in loss due to holding long positions in BTC/ETH/SOL worth 779 million USD, but it also seems to be conducting a circular leverage operation on ETH.

Earlier today, he created a new wallet and withdrew 61,000 ETH (approximately 174.3 million USD) from Binance, then borrowed 60 million USDC from Aave and transferred it back to Binance.