2026-01-20 11:00:18

ETH price drops below the cost basis of a major institutional investor again. According to on-chain data, the institution borrowed 30 million USDT from the Aave protocol today and transferred it to a leading exchange. Are they planning to continue adding positions to lower the average ETH price?

Since November last year, this institution has been continuously bottom-fishing through leveraged borrowing. Currently, the account holds 626,000 ETH, worth approximately $19.4 million. Every time the price declines, their actions are visible—borrowing stablecoins and increasing positions. This logic has been repeated multiple times. The changes in large institutional holdings often reflect the true expectations of market participants.

ETH-7,54%

AAVE-5,99%

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GateUser-beba108d

· 11h ago

The big players are accumulating again. This rhythm is truly consistent—every time it dips, they hit the mark precisely.

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BearMarketGardener

· 11h ago

Here we go again, I can recite this routine... The old trick of big institutions borrowing coins to dump, it's always the same script.

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DataPickledFish

· 12h ago

This big whale has really become an expert at bottom fishing, 620,000 ETH. I can't even dare to imagine it.

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BlockchainBard

· 12h ago

Here we go again. I can memorize this entire set of operations: borrowing coins, dumping the market, and lowering the average price. The institutions really treat this as an art form.

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