A whale who mortgaged ETH on Spark to borrow USDT has recently started reducing positions and selling 11,190 ET

Odaily News According to on-chain analyst Yu Jian's monitoring, due to the decline in $ETH, a whale who mortgaged ETH on Spark to borrow USDT, in order to ensure the safety of the loan position, has reduced positions in the past two days: sold 11,190 ETH (32.83 million) through OKX, and then withdrew 26.55 million USDT from #OKX for repayment.

After reducing positions, the liquidation price of his ETH position has now dropped to $2,268, which is $667 away from the current price: mortgaging 37,400 ETH ($110 million) on Spark, and a loan of $62.57 million U.