An OTC whale, known for significant purchases of Bitcoin and Ethereum during the market downturn, has sold 23,500 ETH valued at $47.77 million to repay loans. This move comes as the investor faces substantial losses, reportedly down by $135 million. Earlier, between January 8 and February 2, the whale acquired 163,405 ETH for $440 million at an average price of $2,691. Additionally, between February 2 and February 5, the whale purchased 4,000 cbBTC for $296 million at an average price of $74,004.