The 66K $ETH Borrow Whale Is Still Loading — Thesis Unchanged
When position size keeps growing after exposure is already in the billions, the message is clear:
this isn’t hesitation — it’s conviction.
Just when it looked like the whale was done, it added again.
⏱ Last 7 hours:
• +40,975 ETH
• ≈ $121M deployed
• Executed with zero urgency — as if liquidity is endless
This isn’t a one-off move. It’s a long-running campaign.
📊 Since Nov 4:
• ~584,000 ETH accumulated
• ≈ $1.7B total exposure
• $881.5M borrowed from Aave — leverage converted into long-term positioning
That’s the key detail 👇
This whale isn’t trading a short-term pump.
They’re building a leveraged core position for a much bigger Ethereum narrative.
Smart money doesn’t rush.
Smart money positions early and adds patiently.
🔎 Entity Tracker:
intel.arkm.com/explorer/entity/e3f9ef15-6571-481b-b185-7fecbd21a935
