Whale borrows 10K ETH to expand short position

An anonymous whale expanded their ETH short position by borrowing an additional 10,000 ETH ($17.25 million) on Aave, according to on-chain analyst ai_9684xtpa. The move came four hours after the address withdrew 45.5 million USDT from Binance and deposited it as collateral. The address now has a total of $156 million in stablecoins deposited as collateral and has borrowed a total of 35,388 ETH to open its short position. The position's average entry price is $1,682.14, with a liquidation price of $3,453.30, and it is currently showing an unrealized loss of approximately $1.1 million.