TechFlow News: On February 4, according to MLM monitoring, an entity is continuously selling large amounts of ETH on Hyperliquid via 11 wallets to repay its loans on Aave:
In the past 5 hours, this entity has sold 31,700 ETH (approximately $80.8 million) on Hyperliquid; over the past 4 days, it has sold a total of 47,000 ETH (approximately $120 million). Currently, it still holds 49,600 ETH (approximately $112 million) as collateral on Aave while borrowing $86 million in USDC.
As ETH’s price declines, this position has approached the liquidation threshold, forcing the entity to continue selling ETH to repay debt and avoid full liquidation.
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