A recent on-chain monitoring data point has attracted attention. According to analyst tracking, on January 20th at noon, the research team led by Yili Hu borrowed 10 million USDT from the Aave protocol within just 5 minutes. Immediately afterward, this funds were transferred into an account of a major exchange, and the market generally speculates that this is in preparation for further accumulation.

The team currently holds an astonishing amount of ETH — they have accumulated 626,778.65 ETH. Converted at the current market price, this amounts to approximately $1.94 billion. More notably, their average cost basis is only around $3,105.5, and at the current price, their unrealized profit has already reached $53.52 million.

From the series of operations from borrowing to recharging, it’s clear that this is not just simple fund management — it looks more like preparing for the next big move. In the current market environment, such large-scale actions often attract the attention of many followers.