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Whale Withdraws 144,255 ETH from Binance After Closing $24.48M Short Position

A whale that borrowed 66,000 ETH on Oct. 20 to short and profited $24.48 million has apparently flipped to a long position, on-chain analyst Yu Jin reports. From yesterday evening to this morning, the entity transferred 482 million USDC into Binance and withdrew 144,255 ETH at an estimated average price of $3,341. The USDC used represents collateral from last month's short position, when 700 million USDC was withdrawn from Binance to collateralize on Aave for borrowing 66,000 ETH.
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