Whales sell spot and then borrow coins to short ETH

Odaily News According to @EmberCN, a whale sold 11,328 ETH at an average price of $1,618 yesterday for $18.229 million USDC, making a profit of $271,000 in a single move. After that, the address continued to operate, mortgaging the obtained USDC to Aave, borrowing 4,000 ETH, and selling it at an average price of $1,618, in exchange for about $6.471 million USDT.