Wind direction changes! A giant whale just shorted ETH and then suddenly bought 1 billion, is a change coming?
Brothers, there was just explosive news on-chain! A whale that once borrowed coins to short 66,000 ETH suddenly made a 180-degree turn. He just borrowed 85 million U from Aave and rushed into Binance, withdrawing 38,000 ETH (worth nearly 1.2 billion RMB) in one go! What signal is this?
Xin Ying gives you a quick interpretation:
This is not retail investor behavior; it is a clear action from a whale. The shift from 'borrowing coins to short' to 'borrowing money to buy' indicates that this major player's judgment may have fundamentally changed, at least in the short term, no longer bearish.
It has a draining effect on the market: borrowing a massive amount of stablecoins from lending protocols will push up market lending rates and may tighten liquidity in the short term. But at the same time, the huge funds buying ETH form a strong direct support.
Retail investors should never follow blindly! We completely do not understand the whale's strategy and positions; he may be arbitraging or have a long-term layout. Blindly following trends can easily lead to being washed out.
What should we do? Treat this as an important strong bullish signal, but don't chase the highs. You can add it to your watchlist and focus on whether ETH can stabilize at key price levels. Market bullish confidence may be boosted as a result.
I am Xin Ying, closely following the whale's movements and capturing changes in wind direction. Follow me for insights into real on-chain signals, and don't be misled by market smoke screens! #巨鲸动向
