A whale sold $1.9 million worth of LINK, seemingly to "rescue a position" with 8x leverage on CRCL.

BlockBeats news, October 7th, according to Arkham monitoring, whale mtAAVEbank.ETH sold over 138,000 LINK 6 hours ago, worth $1.9 million, at a time when BTC had not yet fallen below $84,000. The whale is suspected of selling LINK to fund its 8x leveraged CRCL position on Hyperliquid. Its position was once underwater by more than $1.25 million. It currently still holds over $21 million in digital assets, mainly stablecoins, with more than 10% of the funds coming from Aave borrowing.