PANews reported on December 5th that, according to on-chain analyst Yu Jin, a whale borrowed and shorted 5,000 ETH (US$15.66 million) in the past two hours. Two hours ago, he borrowed 5,000 ETH (US$15.66 million) from Aave, then transferred 4,000 ETH (US$12.49 million) to Binance and 1,044 ETH (US$3.26 million) to Bybit. Forty minutes after ETH entered the CEX, he withdrew 12.45 million USDT from Binance. This is equivalent in value to the 4,000 ETH he transferred to Binance, indicating he likely sold them.
A major whale borrowed cryptocurrency to short sell 5,000 ETH, worth approximately $15.66 million.
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Author: PA一线
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A whale shorted BTC and ETH with 20x leverage, with a nominal position of approximately $80 million.
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