A certain staked ETH whale repaid and reduced positions by selling 11,190 ETH for USDT

Due to the decline in ETH, a whale that mortgaged ETH on Spark to borrow USDT reduced its position to ensure safety. It sold 11,190 ETH on OKX for a value of 32.83 million USD, and then withdrew 26.55 million USDT from OKX for repayment.

After the reduction, the liquidation price of its ETH loan position dropped to 2,268 USD, which is 667 USD away from the current price. It has mortgaged 37,400 ETH on Spark, valued at 110 million USD, resulting in a loan of 62.57 million USD.