According to Lookonchain, a substantial crypto whale executed a strategic acquisition of 7,074 ETH valued at $13.8 million. The whale initially withdrew 4,511 ETH (worth $8.81 million) from OKX and made a deposit into Aave. Subsequently, the whale borrowed $5 million USDT from Aave and returned to OKX to purchase an additional 2,563 ETH ($5 million). This maneuver highlights a sophisticated trading strategy leveraging both DeFi and centralized exchange platforms, potentially indicating bullish sentiment towards ETH's future price movements.

According to Lookonchain, Bybit has acquired 71,755 ETH, equivalent to $197 million, through an over-the-counter (OTC) transaction. This significant purchase reflects Bybit's strategic move to possibly strengthen its ETH reserves. Traders might anticipate potential market implications due to the large volume being handled OTC, which typically aims to minimize market disruption. Source: Lookonchain.