BlockBeats News, November 11th. According to on-chain analyst CryptoQuant, the “Whale/Institution Who Shorted ETH for $24.48 Million Profit Now Long” shorted ETH for profit, bottomed out at a price of $3,335 on November 5th, acquiring 191,477 ETH (worth $6.38 billion). They are now sitting on an unrealized gain of $47.87 million.
They have not stopped their buying spree and have started leveraging up: 7 hours ago, they borrowed $100 million USDT from Aave, transferred it to Binance, and withdrew 44,288 ETH (worth $156 million).
Over the past week, they have accumulated a total of 235,765 ETH (worth $7.95 billion) at an average price of $3,372.
