A whale sold 27,800 ETH at a loss on Spark, repaying $44.14 million in loans

Odaily News According to on-chain analyst Yu Jin's monitoring, a whale (0xfdd...6a92) holding an ETH lending position on Spark began selling ETH to cut losses yesterday when the ETH price reached $2,050. The whale cumulatively sold 27,800 ETH, repaying $44.14 million in loans. Currently, the whale still holds 9,810 ETH on Spark, valued at $18.66 million, with an outstanding loan of 12.83 million DAI. The liquidation price for the remaining position has now dropped to $1,560.