Ethereum Whale Borrows $120M USDT from Aave to Short 66,000 ETH, Deposits on Binance Ahead of More ETH Purchases

According to lookIntoChain analytics cited by COINOTAG News on November 13, a notable on-chain whale nicknamed Borrow to Short 66,000 ETH previously accumulated 385,718 ETH, roughly $13.3 billion in market value. The address recently sourced 120 million USDT through Aave and routed the funds to Binance, a move analysts describe as liquidity repositioning rather than a direct price bet.

Such documented on-chain activity signals ongoing liquidity rebalancing in the crypto ecosystem, with large holders funding Ethereum exposure via decentralized lending and centralized venues. Market participants should monitor subsequent wallet balances, USDT liquidity, and inbound token flows for clues on potential demand shifts or hedging activity.