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Whale acts again: 4.5 million DAI exchanged for USDC, possibly to cover a loss of 9.93 million USD.
According to monitoring by 【比推】, a trader has exchanged 4.5 million DAI for USDC in the past 15 minutes, suspected of preparing margin, but has not yet deposited to a certain platform. This trader has triggered liquidation multiple times since opening short orders on Bitcoin and Ethereum, with a loss of 9.93 million USD in the past week, and the current position still has unrealized losses of 2.16 million USD.