PANews reported on November 11th that, according to Ember Monitoring, a major whale/institution borrowed 892 million USDT from Aave and transferred it to Binance in the past week, withdrawing a total of 266,895 ETH at an average price of approximately $3,402. This includes borrowing 190 million USDT today to purchase 75,418 ETH (worth $269 million).

Previously, this whale had profited $24.48 million by shorting ETH, and on November 5th, it bought 191,477 ETH (worth $638 million) at a price of $3,335, currently holding a floating profit of approximately $47.87 million. Recent trading indicates that it has begun using leverage and is continuously adding to its ETH holdings.