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This is straight-up leveraged conviction . This wallet (0xf0e0…) didn’t just buy $ETH ... he stacked it with leverage. First, he withdrew 3,500 #ETH (~$8.24M) from Coinbase and parked it into Aave as collateral. Then he borrowed $8M in USDC against it… and went right back into the market, buying another 3,386 ETH at ~$2,363.
Now he’s sitting on a total of 6,886 ETH (~$16.1M)... basically doubling down using borrowed liquidity.
This kind of move is a clear signal: not just bullish, but aggressively bullish. Using Aave like this means he’s confident enough in upside to take on liquidation risk, because if ETH drops too much, that loan can get liquidated fast.
Ofcourse… not just buying the dip, he’s leveraging it.
here is his address👇
0xf0e04EdA5b8362Ec7100eA4147df79A94ce75B2c