Whale 0x280: Loops $90M USDT on Aave V3

Whale 0x280 ended three years of dormancy by supplying 38,550 ETH to Aave V3, borrowing $90M USDT and executing loop purchases of 54,092 ETH at an average $1,664, lifting its stack to 92,646 ETH worth $146.55M.

Aave V3 loop borrowing ETH whale strategies have repeatedly surfaced in the past twelve months as dormant addresses re-enter DeFi to amplify exposure without selling core holdings.

Price sits at $1575.44 inside the Bollinger band with lower support at $1541.62 while EMA50 at $1859.4 and EMA200 at $2082.8 act as overhead resistance; RSI at 16.38 signals deep oversold conditions and MACD death cross at -93.86 confirms bearish momentum, so any bounce toward upper band resistance at $1954.37 will likely stall before a retest of the 50-EMA.