DELEVERAGING THE DIP: ETH WHALES DUMP $371M TO SETTLE AAVE DEBT
Two major Ethereum mega-whales — BitcoinOG and Trend Research — sold a combined $371M in ETH over 48 hours to repay Aave loans, signaling risk reduction, not panic.
🔹 BitcoinOG
• Sold 121,185 ETH ($292M)
• Repaid only $92.5M in Aave debt
• Likely converting the rest into liquidity/hedges
• Still holds $4B+ in BTC & ETH
🔹 Trend Research (LD Capital affiliate)
• Sold 33,589 ETH ($79M)
• Used almost all proceeds to close Aave positions
• Pivoting from aggressive Q1 bullishness to capital protection
• Still holds 618K+ ETH
⚠️ At the same time, Aave processed $140M+ in automated liquidations, stress-testing DeFi infrastructure — and it worked flawlessly.
📊 Despite volatility:
• ETH deposits on Aave hit record highs (~4M ETH)
• Aave remains #1 in DeFi TVL in early 2026
🧠 Key takeaway:
This isn’t a February crash signal — it’s smart deleveraging.
When whales reduce leverage, they prepare for volatility… not exits.
Is this caution — or the calm before the next expansion?
$BTC $ETH $BNB #mmszcryptominingcommunity #whales #OnChainAnalysis #CryptoMarket #RiskManagement