I just noticed something interesting on the chain - some entity ( either a whale or an institution ) decided to unload about 41,800 Ethereum in just 8 hours to avoid liquidation. The amount reached around $94 million, and it was distributed across 10 different addresses via Hyperunit.



The interesting part is that they immediately converted all of this into Aave to repay their loans. It seems they were in a tight spot and wanted to avoid forced liquidation. Since the big crash on January 31, this institution has already sold about 58,117 Ethereum ( approximately $131 million ).

The current situation is a bit strange - they still have 38,465 Ethereum deposited on the chain, and specifically on Aave, they have a loan of $40 million USDC. It looks like the liquidity pressure is very real for this entity. This kind of movement always gives an indication of the pressure that major market players are feeling.
AAVE2.15%
USDC0.01%
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