27,000 Ethereum was withdrawn from a wallet linked to Trend Research ($ETH) raised the equivalent of $58 million from Binance, hours after borrowing the same amount through Aave to open a leveraged short.
The rapid reversal from a bullish call to a leveraged short to an apparent unwind has drawn scrutiny from on-chain analysts tracking wallet movements.
Why it’s important:
- This series of events raises the question of whether institutional investors will proactively make their own public offerings with countertrades.
- The Aave-to-exchange pipeline shows how DeFi lending protocols are currently acting as leverage engines for directional betting
- $ETH Traders monitoring the flow of whales may reprice their risk around $2,150 based on the apparent closing price of their positions.
detail:
- Wallet supplied $100 million USDC to Aave V3 and borrowed $27,000 $ETH According to Onchain Lens, $55.72 million was transferred to Binance
- 27,000 similar cases confirmed on Lookonchain $ETH Withdrew from Binance, now worth $57.97 million
- jack y bullish $ETH The phone call came just 3 days before the short circuit.
- $ETH It was trading at $2,153 at the time of withdrawal.
Big picture:
- Institutional investors are increasingly combining DeFi borrowing with centralized trade execution to build and unwind large positions without placing direct market orders.
- The trade reflects a pattern of whale-driven volatility expansion, with on-chain transparency revealing movements hidden in traditional markets.
Post Ethereum Whale Earns $58 Million $ETH The controversial $100 million short bet from Binance has appeared on BeInCrypto for the first time.