Data: Previously, the whale that borrowed coins to short ETH seems to have turned bullish, having withdrawn 144,255 ETH from Binance

According to on-chain analyst Yu Jin's monitoring, on October 20, a whale/institution borrowed 66,000 ETH for short selling and bought it back yesterday, making a profit of $24.48 million. It seems they have shifted to a long position: from last night to this morning, they transferred a total of 482 million USDC into Binance, and then withdrew 144,255 ETH from Binance, with an average price possibly around $3,341.

This USDC was the collateral for the ETH borrowed for short selling last month: at that time, they withdrew 700 million USDC from Binance to collateralize and borrow 66,000 ETH on Aave for short selling. After repaying the ETH yesterday, they retrieved the USDC collateral to start buying ETH.