According to TechFlow, an on-chain analyst, Yu Jin, a whale transferred the remaining 33,765 ETH (US$103 million) to a new address (0xa33...12c) after unloading leverage one hour ago, and deposited the ETH into Aave to borrow 80 million USDT.

Then use the borrowed USDT to buy back ETH: currently 70 million USDT has been spent to buy back 22,713 ETH, with an average price of US$3,082.