TechFlow news, November 5 — according to monitoring by analyst Yujin, an institution borrowed 66,000 ETH for short selling on October 20. Yesterday, it bought back and repaid the loan, making a profit of $24.48 million, then quickly turned bullish.
Latest data shows that this whale has transferred 482 million USDC to Binance and subsequently withdrawn 144,255 ETH (at an average price of approximately $3,341). Including the previously repaid shorted ETH, the institution has withdrawn a total of 174,144 ETH from Binance within 24 hours, worth about $621 million.
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