TechFlow, December 5 — According to on-chain analyst EmberCN (@EmberCN), a whale borrowed and short-sold 5,000 ETH worth $15.66 million over the past two hours.
The whale borrowed 5,000 ETH from Aave, then transferred 4,000 ETH (worth $12.49 million) to Binance and 1,044 ETH (worth $3.26 million) to Bybit.
After transferring ETH into centralized exchanges, the whale withdrew 12.45 million USDT from Binance 40 minutes ago—matching the value of the 4,000 ETH deposited—indicating the sell-off may have been completed.




