According to Lookonchain, substantial $ETH accumulation activity has been observed with two significant wallet transactions. A newly created wallet '0x114E' withdrew 7,100 $ETH valued at $14.27M from Gemini 4 hours ago. Additionally, wallet '0xC377' withdrew 4,709 $ETH worth $9.47M from Binance 8 hours ago. This $ETH was deposited into Aave, from where 8M $USDT was borrowed and subsequently deposited back to Binance. These movements suggest strategic positioning by whales in the market.