According to Odaily Planet Daily, "inside whales" have transferred 89 million USDC to Binance over the past three hours, according to MLM monitoring. Meanwhile, the increase in open interest in BTC on Binance is roughly equivalent to the size of their previously closed positions on Hyperliquid.

Given the current sideways trend in Bitcoin prices, analysts believe the whale is highly likely to reopen a short position of approximately $500 million on Binance. Previous reports indicate that at 2:00 AM on October 15th, the whale completely closed its $500 million short position on Hyperliquid within two hours.