A prominent Bitcoin investor, known as #BitcoinOG(1011short), has closed a significant long position on Hyperliquid after incurring over $100 million in losses and paying $8.2 million in funding fees. The investor is now pivoting to Ethereum, transferring 148,000 ETH, valued at $426.6 million, from Binance to Aave over the past two days.
In this strategic shift, the investor borrowed $240 million in stablecoins on Aave, with a health rate of 1.49 and a liquidation price set at $1,954. This move indicates a focus on leveraging Ethereum positions, potentially signaling a change in market sentiment or strategy.
Bitcoin Whale Shifts Strategy, Moves $426.6M in ETH to Aave
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