The “BTC ancient whale who high-profiled ETH swap” deposited 89 million USDC to Binance after closing its HL position

Analyst MLM speculates that after closing his HL position, the "BTC ancient whale who high-profiled ETH position swap" opened a short position on Binance. The reasons are speculated to be: 1. He deposited 89 million USDC to Binance; 2. The increase in BTC OI on Binance was roughly the same as the amount he closed his position on Hyperliquid; 3. BTC was trading sideways.