Whale Accumulates 8,309.4 ETH Worth $29.92M and Leverages Aave with cbBTC and WETH Deposits

On July 18, prominent on-chain analyst Ai Yi (@ai_9684xtpa) reported significant activity from the Ethereum whale address 0xC60…89F3f, which has accumulated a long position of 8,309.4 ETH within a five-hour window, valued at approximately $29.92 million. The average entry price for this position stands at $3,601.8 per ETH. In addition to this substantial holding, the whale has strategically deposited 500 cbBTC and 7,950 WETH as collateral on the Aave protocol. Leveraging these assets, the entity has borrowed 30 million USDT and 18 million USDC, maintaining a health factor of 1.48, indicating a moderate buffer against liquidation risk. This activity underscores the ongoing utilization of decentralized finance platforms for liquidity optimization and risk management among high-net-worth crypto investors.