The address marked as Multicoin Capital borrowed 6200 ETH from Aave 9 hours ago and transferred it to CEX

According to on-chain analyst Yu Jin, Nansen has marked an address shorting the ETH/BTC rate as Multicoin Capital. This address borrowed ETH against BTC collateral through Aave last December and then transferred it into CEX. The same address borrowed another 6,200 ETH (approximately $20.52 million) from Aave nine hours ago and transferred it into CEX again. Currently, this address's borrowing situation on Aave is as follows: It has collateralized 2,648.4 WBTC (about $174 million), and borrowed 35,892.6 ETH (about $117 million). All of the borrowed ETH was immediately transferred into CEX after being loaned out. The health factor for the loan is at 1.15 (liquidation will occur if the ETH/BTC exchange rate rises to around 0.0575).