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A Whale Transferred 7,416 ETH to Binance for Sale, and Withdrew USDT to Repay the Loan on Aave

According to on-chain analyst Yu Jin, a whale transferred 7,416 ETH (approximately $11.64 million) to Binance for sale last night, and then withdrew 12.34 million USDT to repay the loan on Aave. The whale had leveraged long on ETH from June 12th to July 5th: borrowed 18.9 million USDT from Aave by mortgaging ETH, transferred it to Binance, and then withdrew 10,460 ETH at an average price of $1,806. This leveraged long on ETH resulted in a loss of about $1.22 million (-6.5%).

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