According to a report by ShenChao TechFlow, on December 10th, the on-chain analyst Eye, who previously exposed the situation of the "1011 insider whale," published a new bombshell on the X platform. He said that the funding situation for going long on ETH by the "1011 insider whale" has been fully revealed after a recent operation.

This whale, with over $220 million in funds, borrowed from Aave and then deposited it into Binance. This money is most likely used to support his long position on ETH. The sources of these funds involve three addresses, which start with 0xF6FD, 0x4116, and 0xF744. Additionally, the $273 million ETH long position he opened on Hyperliquid came from an address starting with 0xb317.

Eye further dug into the situation and found that this "1011 insider whale" unstaked ETH from the staking pool eight days before opening the long position on ETH, at a time when the market was still sluggish. It is hard not to suspect that he might have known some insider information in advance! This operation is too suspicious; it feels like he came prepared! #加密市场反弹