A whale user sold spot ETH and borrowed money to short, making a profit of more than $270,000
according to on-chain analyst @EmberCN monitoring, a whale user sold 11,328 ETH at an average price of $1618 yesterday, exchanging it for $18.229 million USDC, with a single transaction profit of $271,000. Subsequently, the address continued to operate, collateralizing the USDC obtained to Aave, borrowing 4000 ETH, and selling it at an average price of $1618, exchanging it for approximately $6.471 million USDT.
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