According to @EmberCN, MetalphaPro withdrew 13,000 ETH valued around 61.38 million US dollars from Aave and transferred the funds to Binance, with the transaction address referenced via Arkham Intelligence, source @EmberCN and Arkham Intelligence. On-chain explorer data at the referenced address indicates the movement aligns with a transfer from an Aave position to a Binance deposit, source Arkham Intelligence. Large centralized exchange inflows are actively monitored by traders as potential near term liquidity for spot and derivatives execution, which can influence order book depth and basis, source CryptoQuant Exchange Flows documentation and Binance research materials.

According to @EmberCN, MetalphaPro is potentially accumulating ETH, having deposited 25 million USDC into Binance five hours ago and subsequently withdrawing 7,000 ETH ($11.12M) an hour ago. Since April 1, they have withdrawn a total of 29,000 ETH ($48.73M) at an average price of approximately $1,680. This activity suggests a strategic accumulation pattern potentially aimed at leveraging future ETH price movements.