A Whale Repaying a Loan by Deleveraging, Selling 11,190 ETH Pledged for USDT

BlockBeats News, January 25th, According to EmberCN's monitoring, due to the fall of ETH, a whale who borrowed USDT by collateralizing ETH on Spark reduced their position to ensure the safety of their collateral. They sold 11,190 ETH on OKX, worth $32.83 million, and then withdrew 26.55 million USDT from OKX for repayment.

After the reduction, the liquidation price of their leveraged ETH position dropped to $2,268, from the current price of $667. They collateralized 37,400 ETH on Spark, worth $1.1 billion, generating a $62.57 million loan.