An insider whale transferred 89 million USDC to Binance, possibly reopening a $500 million Bitcoin short position on the platform

ChainCatcher news, according to MLM monitoring, the "insider whale" has deposited 89 million USDC to Binance in the past 3 hours. Meanwhile, the increase in the open interest of BTC on Binance roughly matches the position he closed on Hyperliquid. As the price remains sideways, it is highly likely that he has reopened the same short position on Binance.

Previously reported, the "insider whale" has completely closed his $500 million Bitcoin short position on Hyperliquid in the past two hours.