2025-12-24 06:01:59

Size keeps increasing after already reaching billions in exposure, the message is simple: the thesis hasn’t changed.

The 66k $ETH Borrow Whale Isn’t Slowing Down at all.
Just when it looked like the positioning was complete, the whale added again.

Over the past 7 hours, the so-called 66k ETH Borrow Whale picked up another 40,975 ETH, deploying roughly $121M as if liquidity was still abundant and time wasn’t a concern.

This isn’t a new narrative -- it’s an ongoing one. Since November 4, this single entity has accumulated close to 584,000 #ETH , committing around $1.7B in total capital. What makes the story sharper is the structure behind it: about $881.5M of that buying power didn’t come from idle cash, but was borrowed directly from Aave, turning leverage into long-term exposure.

Well we guess this is a clear signal that the whale isn’t betting on a quick spike, but positioning for a much larger ETH narrative.

Entity tracker:

ETH-0.02%

AAVE-1.58%

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