Bhutan Sovereign Wealth Fund sold over 25,000 Ethereum to reduce leverage during this morning's flash crash
BlockBeats News, February 1st, on-chain data shows that an address associated with Bhutan's sovereign wealth fund Druk Holdings proactively sold Ethereum (stETH) during the early morning drop in Ethereum (around 2:30 AM) to avoid leveraged liquidation. In terms of timing, this transaction coincided with Ethereum's brief low point at $2,243. According to statistics, this address sold approximately 25,816 ETH in a short period and repaid its loan on Aave in USDT.
As of press time, the health factor of this address's Aave account is 1.10, currently holding 78,245.7949 stETH, with an outstanding loan of 137.8 millions USDT.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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