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#eth #btc #usdc There is a trader who has been quite aggressive lately. Last month, he was crazily shorting ETH—on October 20th, he borrowed 66,000 Ethereum to dump, resulting in a profit of 24.48 million dollars.
But this guy turns his face faster than flipping a book. From last night to this morning, he directly dumped 482 million USDC into a certain leading exchange, and then quickly withdrew 144,255 ETH, which calculates to an average entry price of about $3,341.
Interestingly, this batch of USDC was originally his collateral when he was shorting last month—at that time, he moved 700 million USDC from the exchange to Aave to borrow ETH. Now he has taken back the collateral to go long, which shows he really understands how to use leverage. As soon as market sentiment changes, the position immediately turns around, typical of a short-term player.