2026-01-20 03:22:49

A top trader who recently completed a WBTC arbitrage with a profit of $14.26 million has been actively adjusting their crypto asset allocations.

According to on-chain data, this major holder has accumulated a total of 13,700 ETH since early 2026, with a total market value of approximately $43.91 million. Just yesterday, they transferred out 1,000 ETH from a leading exchange, which was quite quick—immediately depositing the entire amount into Aave as collateral for lending.

Interestingly, the average cost basis of this batch of ETH is around $3,205. Based on the current market price, they are already showing an unrealized loss of about $216,000. However, the act of transferring into Aave itself is worth pondering—are they waiting for a better opportunity? Or is there some other capital arrangement?

Meanwhile, popular tokens like DOGE, ARPA, and AVAX continue to attract market attention. The actions of smart money often reflect market participants' expectations for future trends.

WBTC-3,67%

ETH-6,81%

AAVE-6,09%

DOGE-3,99%

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BagHolderTillRetire

· 18h ago

Copying this guy's homework again, and I got penalized. My IQ really isn't enough.

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HashBard

· 18h ago

nah this dude's literally just playing 4d chess with our portfolio psychology... dumping into aave while sitting on red? that's the narrative arc we all pretend not to see coming

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VitalikFanboy42

· 18h ago

This guy managed to make $14.26 million and then threw ETH into Aave? I think he's leveraging through borrowing and lending, this trick... it's pretty clever.

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BlockTalk

· 18h ago

Yeah, this guy made 14.26 million dollars so comfortably, and now he still dares to pour into Aave. Not panicking is really not panicking. --- Floating loss of 216,000 still depositing Aave as collateral? Either waiting for an opportunity or expecting a big move, watching closely. --- Smart funds are all moving into DOGE, AVAX, and others. I just want to know when it will arrive in my wallet. --- This guy holds 13,700 ETH and is still playing arbitrage. I don’t even qualify to watch the fun with my little coins. --- Transfer out directly to Aave? With this attitude, are they waiting for ETH to keep crashing? --- Wait, a cost basis of 3205 now floating loss? How low does that have to be... But since they still dare to deposit in Aave, it means they can still hold on. --- The moves of smart money, to put it plainly, are a warning to us retail investors. --- Transferring from exchanges to Aave—either bearish or very bearish, anyway not optimistic about the current price. --- I just want to see when this guy will break even on this loss, or just hold on all the way.

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TaxEvader

· 19h ago

This guy's arbitrage skills are really strong, but this move is a bit interesting... directly pouring into Aave lending, could it be trying to play leverage?

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MidnightTrader

· 19h ago

Hey, this guy is probably trying to leverage by transferring to Aave, right? Holding a floating loss of 216,000 without cutting, his mindset is incredible.

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