According to ChainCatcher, on-chain analyst Ai Yi detected a striking operation: a whale with an ETH band winning rate of up to 82% began to borrow coins for short selling. Two hours ago, this investor pledged 84.46 million USDT on the Aave platform and borrowed 10,612.59 WETH, worth about 36.19 million US dollars.

Next, the whale sold all these WETH on the chain at an average price of 3384.3 US dollars, officially starting his first complete leveraged short selling operation. This series of actions shows the different expectations of market participants for the price trend of ETH, and also brings new uncertainties to the market. Investors need to pay close attention to on-chain data and respond cautiously to market fluctuations.