ChainCatcher reports that on-chain analyst @ai_9684xtpa detected a certain whale/institution selling 41,800 ETH to avoid liquidation. They sold a total of ETH worth $94,140,000 through 10 addresses over the past 8 hours via Hyperunit, then deposited into Aave to repay loans.
Since the market downturn on January 31, they have sold a total of 58,117 ETH (approximately $131 million), and currently still have 38,465.3 ETH staked on-chain and have borrowed 40.06 million USDC.
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