BlockBeats News, October 20th, according to on-chain data analyst Yu Jin's monitoring, a whale address just appeared again, collateralizing 200 million USDC on Aave, then borrowing 22,000 ETH (approximately $89 million) and transferring it to Binance.
This whale address, which earlier tonight collateralized 190 million USDC and borrowed 20,000 ETH, is likely the same whale or institution. Both addresses withdrew USDC from Binance a week ago and collateralized to borrow ETH tonight.
In other words, this suspected short-selling whale/institution has now collateralized 390 million USDC to borrow 42,000 ETH (approximately $169 million) and transferred it to Binance.