Whale short sells ETH for $12 million, buys back 20000 ETH

Monitoring has found that an address pledged $700 million USDC and borrowed 66000 ETH (worth $262 million) to Binance half a month ago, suspected of conducting ETH short selling operations. An hour and a half ago, the address returned 20000 ETH (worth 78.15 million US dollars) from Binance, possibly for profit taking repurchase after short selling. The price of ETH has dropped from $4032 half a month ago to $3850 currently, with an expected profit of $12 million from this operation. (Ashes)