๐จ A strange contradiction in market positions!
Just 3 days ago, Jack Yi from Trend Research stated that any price of ETH lower than $2000 is considered a buying opportunity.
But what happened today tells a completely different storyโฆ
A wallet believed to be linked to the company took the following steps:
โข Deposited 100 million USDC into the Aave protocol
โข Borrowed approximately 27,000 ETH (worth $55.72 million)
โข Sent the Ethereum directly to the Binance platform to sell it
In other words: opened a massive short position on Ethereum despite the positive statements made days ago.
Is it a hedge?
Or a quick change in market outlook?
Wallet details on-chain:
https://intel.arkm.com/explorer/address/0x25Ff13E9e6574A67393101F65a4E23718B0CbEAC