A whale bought 1390 ETH at an average price of $4000 and used it as collateral to leverage the ETH/BTC exchange rate.

BlockBeats News, August 8th, according to LookIntoChain's monitoring, when ETH surpassed $4000, whale 0xaf6c just bought 1,390 WETH at a price of $4000 each ($5.56 million).

Subsequently, the whale deposited these 1,390 WETH into Aave, borrowed 52.83 WBTC ($6.17 million) from Aave, and swapped it for 1,539 WETH ($6.17 million).