After switching from short to long on ETH and bottom-fishing, the whale/institution that previously shorted ETH by borrowing coins has once again transferred 100 millions USDC to an exchange.
According to ChainCatcher, on-chain analyst Yu Jin monitored that the "whale/institution that previously shorted 66,000 ETH for a profit of $23.31 million" has recently switched from short to long and bottom-fished ETH, and just now transferred 100 million USDC into a certain exchange.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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