TechFlow News: On January 25, blockchain analyst Yujin monitored that, due to ETH’s price decline, a large whale who had collateralized ETH to borrow USDT on Spark reduced their position over the past two days to safeguard their loan position: they sold 11,190 ETH (worth $32.83 million) via OKX and withdrew $26.55 million in USDT from OKX to repay part of the loan.
After reducing their position, the whale’s ETH liquidation price has dropped to $2,268—significantly above the current market price of $667. Their position now consists of 37,400 ETH ($110 million) pledged as collateral on Spark and a USDT loan valued at $62.57 million.
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