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The whale that previously borrowed coins to short ETH is suspected to have engaged in a "short squeeze," having withdrawn 144,255 ETH from Binance.
2025-11-05 09:09
BlockBeats News, November 5th, according to on-chain analyst Yu Jin's monitoring, on October 20th, a whale/institution borrowed 66,000 ETH for a short sale, and yesterday bought back the repayment to earn a profit of $24.48 million. It should have turned back to a long position: from last night to this morning, the whale/institution transferred a total of 482 million USDC to Binance, then withdrew 144,255 ETH from Binance, with an average price possibly around $3,341.
This USDC was the collateral for his ETH short sale last month: at that time, he withdrew 700 million USDC from Binance to collateralize and borrow 66,000 ETH for a short sale. After repaying the ETH yesterday, he retrieved the USDC collateral to start buying ETH.
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2025-11-04 15:10
2025-11-05 07:38
2025-11-04 16:43
On-Chain Detective
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2025-11-05
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