Whale Shorts ETH for $12M Profit, Buys Back 20,021 ETH

余烬
余烬|Nov 03, 2025 01:37
Remember the whale who, half a month ago, staked 700M USDC and borrowed 66,000 ETH ($262M), transferring it to Binance, likely to short ETH? About an hour and a half ago, they withdrew 20,021 ETH ($78.15M) from Binance, possibly starting to buy back ETH to take profits after shorting. When they shorted ETH half a month ago, the price of ETH was $4,032. Now ETH is at $3,850, meaning this ETH short likely netted them a $12M profit. Today's Binance ETH withdrawal address: https://(debank.com)/profile/0xe5c248d8d3f3871bd0f68e9c4743459c43bb4e4c
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