
A whale has rebuilt its WBTC holdings via leveraged borrowing on Aave, highlighting ongoing exposure to volatile Bitcoin prices despite previous large-scale debt repayments.
An on-chain analyst revealed that after earlier selling 700 WBTC at a loss to repay debt, the whale withdrew 150 WBTC from Binance, staked them on Aave, and borrowed 6 million USDC to purchase an additional 150 WBTC. The new transactions bring the whale’s total WBTC position to roughly $25.75 million at an average acquisition price of $85,376.5. This move follows substantial debt reduction from $150 million to $121 million, but the whale still faces $146 million in Aave collateral risk, including significant exposure to WBTC and ETH amid volatile market conditions.