According to the monitoring of Twitter user Ember, at 10:30:47 on April 22, Beijing time, the address starting with "0x930D7F" marked as "Cai Wensheng's friend" deposited 10,000 ETH into Compound, and then lent 3.2 million USDC to the Binance. This address bought ETH with revolving loans last year. When ETH fell to $880 in June, its more than 200,000 ETHs were only tens of dollars short of liquidation. After that, when the price of ETH is between 1000 USDT and 1200 USDT, this address starts to do ETH spot trading.