TechFlow reports on February 19 that according to on-chain analyst Ember, despite the ETH/BTC exchange rate falling to 0.028, a whale continues to take a bearish position on this trading pair.
Data shows that over the past two weeks, a whale has withdrawn a total of 1,444 cbBTC from Coinbase, worth approximately $138 million, deposited it into the decentralized lending protocol Aave as collateral, borrowed 29,025 ETH (worth about $77.6 million), and transferred the borrowed ETH to Coinbase.




