Chain data revealed on Feb 1 that an address associated with Bhutan's sovereign wealth fund actively sold stETH assets during Ethereum's price crash to reduce leverage exposure.
Monitoring showed the address offloaded approximately 25,816 stETH around 2:30 AM local time, coinciding with ETH's temporary dip to $2,243. The fund simultaneously repaid Aave platform loans in USDT.
At the time of writing, the Aave account health factor has improved to 1.10, maintaining a balance of 78,245.7949 stETH with $137.8 million in outstanding USDT loans.
Industry experts highlighted this proactive deleveraging move demonstrates sophisticated risk management practices by sovereign funds in crypto asset operations. By timely position adjustments, potential liquidation risks were effectively avoided, setting a reference case for institutional investors.
- Operation Timing: ETH price bottom formation
- Transaction Size: Approximately 25,816 stETH
- Funds Flow: Full USDT loan repayment
- Current Status: Account health remains safe