Whale Swaps 240 BTC for ETH, Borrows $36M on Aave for Leveraged Position

A whale address (0x2bd7...) exchanged 240 BTC, worth approximately $16.28 million, for 8,152 ETH yesterday, on-chain data show. The address then borrowed 36 million USDT from Aave and purchased an additional 17,284 ETH at an average price of $2,083, with a liquidation threshold at $1,705.65, Lookonchain reports.