X @Lookonchain

Market Activity - A BitcoinOG(1011short) purchased 14,066 ETH, valued at $39.93 million [1] - The same BitcoinOG(1011short) borrowed 220 million USDT from Aave using ETH as collateral and deposited it into Binance [1] - A newly created wallet 0x36ED withdrew 42,225 ETH, valued at $120 million, from Binance [1] Potential Strategy - The borrowed USDT was likely used to purchase more ETH on Binance [1]