Ethereum Short-Sellers Return: Whale Borrows $70M in USDC to Capitalize on Potential Dip

A high-profile Ethereum short seller, known as the ‘1011 whale,’ has made a comeback after previously shorted the market during October’s crypto downturn. This whale borrowed $50 million USDT and another $20 million in USDT from Aave, effectively using ETH to secure these stablecoins. The 1011 whale then deposited these stablecoins on Binance, marking their first significant activity since three months.