[Whale Borrows 5,000 ETH to Short, Transfers to Binance and Bybit, Then Withdraws USDT] On-chain analysis shows that a whale recently borrowed 5,000 ETH through Aave, valued at approximately $15.66 million. Of this, 4,000 ETH (approximately $12.49 million) was transferred to Binance, and 1,044 ETH (approximately $3.26 million) was transferred to Bybit. Forty minutes ago, the whale withdrew 12.45 million USDT from Binance, equivalent to the value of the 4,000 ETH transferred to Binance, suggesting that the sell-off operation may have been completed.