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Whale Deposits $892M USDT to Binance, Withdraws 266,895 ETH Over Past Week

A whale or institutional address deposited 190 million USDT borrowed from Aave to Binance on Nov. 11 and withdrew 75,418 ETH (worth approximately $269 million), on-chain analyst Yu Jin reports. Over the past week, the address deposited a total of $892 million USDT to Binance and withdrew 266,895 ETH at an average price of $3,402. The entity previously made $24.48 million profit from shorting ETH before switching to a long position.
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