Ethereum Whale Doubles Down on Short Position with Huge Aave Borrow

An anonymous Ethereum whale has expanded their short position by borrowing an additional 10,000 ETH on Aave, worth approximately $17.25 million.

This move was flagged by on-chain analyst ai_9684xtpa and highlights the high-stakes leverage trading occurring within the DeFi ecosystem.

The whale withdrew 45.5 million USDT from Binance roughly four hours before initiating the new loan, depositing the stablecoins as collateral on Aave to borrow the additional Ether.

The address now holds a total of $156 million in stablecoins as collateral across its positions and has borrowed 35,388 ETH to maintain its short strategy.