A certain whale/institution staked 390 millions USDT on Aave and borrowed 42,000 ETH to deposit into an exchange.

BlockBeats News, October 20, according to on-chain data analyst Yujin's monitoring, a certain whale address has once again appeared, collateralizing 200 million USDC on Aave, then borrowing 22,000 ETH (approximately $89 million) and transferring it to an exchange.

This address is likely the same whale or institution that earlier this evening collateralized 190 million USDC and borrowed 20,000 ETH. Both withdrew USDC from an exchange a week ago and collateralized it tonight to borrow ETH.

In other words, this suspected short-selling whale/institution has now collateralized 390 million USDC to borrow 42,000 ETH (approximately $169 million) and transferred it into an exchange.