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A certain Whale transferred a total of 482 million USDC to Binance from last night to this morning and withdrew 144,255 ETH from Binance.
According to Jinse Finance, on-chain analyst Yu Jin monitored that on 10/20, a large amount of 66,000 ETH was borrowed for short selling, and yesterday it was repurchased and repaid, making a profit of $2448 million Whale/institution, which should have turned significantly to go long. From last night to this morning, he transferred a total of 482 million USDC into Binance, and then withdrew 144,255 ETH from Binance, with an average price possibly around $3,341. These USDC are the collateral for his short sale of ETH last month: he withdrew 700 million USDC from Binance to collateralize and borrow 66,000 ETH for short selling on Aave. After repaying the ETH yesterday, he retrieved the USDC collateral and started to buy ETH.