A certain whale sold 11190 ETH to reduce liquidation risk

On January 25th, according to EmberCN monitoring, due to the decline in ETH prices, a giant whale mortgaged ETH on the Spark platform to lend USDT, reducing its position to ensure safety. The whale sold 11190 ETH worth 32.83 million US dollars through OKX and withdrew 26.55 million USDT from OKX for repayment. After reducing its position, the ETH clearing price of its lending position dropped to $2268, which is $667 from the current price. The whale pledged 37400 ETH on the Spark platform, valued at 110 million US dollars, resulting in a loan of 62.57 million US dollars.