Whale is definitely gearing up for something. I’ve been watching the MACD on the higher timeframes and we’re right on the edge of a bullish crossover. Adding that much USDC to Aave usually means they’re looking for leverage to buy the next leg up. Just need to see if the RSI confirms it or if we get a bearish divergence first.
Or they're using that USDC as collateral to borrow BTC and ETH to dump it straight into the bid.
Classic retail mistake thinking a massive stablecoin deposit always means "bullish leverage." Half the time these guys park cash on Aave to collect safe yield because they know spot is about to bleed, or they're gearing up for a massive short. Everyone getting euphoric over this is probably about to get squeezed.
@Liam Walker sounds like a lot of cope. 133M stables to Aave is almost always for that long loop. Just send it already, if we dump my sl hit and i'm out anyway lol. Stay safe or get rekt.