According to LookIntoChain monitoring, COINOTAG News notes that the previously dubbed ‘Whale Who Once Shorted 66,000 ETH’ has resumed ETH accumulation, signaling a potential shift in large‑holder positioning. The development underscores sustained interest among mega‑holders in ETH despite mixed macro drivers, with on‑chain indicators pointing to deliberate accumulation rather than erratic transfers.
Over the last eight hours, the actor borrowed approximately 85 million USDT from Aave and moved the funds to Binance, before withdrawing 38,576 ETH—roughly $119.3 million—from the exchange. The on‑chain sequence—credit lines, venue migration, and a sizable ETH withdrawal—paints a picture of strategic liquidity repositioning rather than a broad market bet, offering a calibrated read on near‑term supply dynamics.
Source: https://en.coinotag.com/breakingnews/ethereum-whale-resumes-accumulation-as-119m-eth-withdrawn-from-binance-after-85m-usdt-borrow-on-aave
