According to @EmberCN, a whale borrowed 5,000 ETH (about $15.66 million) from Aave in the past two hours, sending 4,000 ETH to Binance and 1,044 ETH to Bybit, signaling an intended short via centralized exchange deposits. Source: @EmberCN on X; DeBank wallet debank.com/profile/0xfc09d8c9a63670702c2de876ff95608ab971dcd6. After the ETH hit CEXs, the entity withdrew 12.45 million USDT from Binance roughly 40 minutes later, matching the value of the 4,000 ETH deposit, which the author interprets as the sale likely executed. Source: @EmberCN on X. For trading impact, this reflects at least $12.49 million of spot sell flow on Binance and up to $3.26 million routed to Bybit as reported, levels traders can track against order book liquidity for ETH. Source: @EmberCN on X. Traders can also monitor the DeBank address for loan activity and subsequent ETH or USDT movements to assess if the short is being adjusted. Source: DeBank wallet debank.com/profile/0xfc09d8c9a63670702c2de876ff95608ab971dcd6.