A whale borrowed 20.00M USDC from Aave, transferred it to Kraken to buy and withdraw 109.6 WBTC.

According to on-chain analyst Ember, whale 0xc9d...642 borrowed 20.00M $USDC from $Aave three days ago and transferred it to Kraken. It has now purchased and withdrawn 109.6 $WBTC ($12.91M). This whale is leveraging $WBTC purchases through $Aave using a circular loan method. It has now accumulated a total of 603.5 $WBTC ($71.62M) at a cost of approximately $90,382.00.