A major cryptocurrency holder has sold 9,516.8 ETH for $29.36 million USDT to reduce debt and avoid liquidation. The average sale price was $3,085 per ETH. This move decreased the whale's debt on Aave from $150 million to $121 million, improving the health factor of their position from 1.04 to 1.12, temporarily averting a liquidation crisis. The whale still holds 1,560 WBTC valued at $144 million and 9,000 ETH worth $28.04 million. Further asset sales may be necessary if BTC and ETH prices continue to decline.
Crypto Whale Sells 9,516.8 ETH to Avoid Liquidation
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