Ki Young Ju says whales are borrowing against BTC to buy more assets

Large loans on crypto lending platforms are surging, as USDT borrowing backed by more than $10 million in Bitcoin collateral rose 83% over the past month, CryptoQuant CEO Ki Young Ju said on X, citing CoinRabbit data. Ki said whale investors are borrowing funds against Bitcoin to buy more cryptocurrencies or other assets, suggesting they are leaning more toward further upside than betting on an additional market drop, while risk appetite for volatile assets has expanded.