TechFlow news, October 20: According to on-chain analyst EmberCN (@EmberCN), another address deposited 200 million USDC as collateral on Aave and borrowed 22,000 ETH (worth $89 million), transferring them to Binance.
Previously, an address deposited 190 million USDC on Aave, borrowed 20,000 ETH, and transferred them to Binance.
The analyst noted that both addresses withdrew USDC from Binance about a week ago and tonight carried out the collateral and borrowing of ETH, likely indicating the same whale or institution is behind these moves.
Currently, this suspected short-selling whale/institution has deposited a total of 390 million USDC as collateral and withdrawn 42,000 ETH (worth $169 million) into Binance.
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