According to crypto analyst EmberCN, a whale/institution that previously borrowed cryptocurrency to short 66,000 ETH and profited approximately $23.31 million appears to have recently completed a short-to-long operation. About 1.5 hours ago, it transferred $91.2 million USDC to Binance, and subsequently withdrew 110,000 ETH (approximately $386 million) from Binance.

If we include the previously repaid 64,000 ETH short positions, this address has withdrawn approximately 174,100 ETH (approximately $621 million) from Binance in the past 24 hours, indicating that its positions have fully shifted to spot or long positions.