Bhutan's Sovereign-Linked Fund Continues ETH Liquidation
On-chain monitoring shows the crypto address tied to Bhutan's national investment entity offloaded 26,535 ETH in the last 24 hours, signaling ongoing deleveraging efforts.
Current Portfolio Assessment
The fund's Aave account maintains a health factor of 1.17 above liquidation thresholds. It currently holds 51,710.6793 stETH while carrying $79.75 million in USDT loans.
Market Implications
Large-scale crypto sales could create short-term market volatility. Investors should monitor subsequent moves and their potential impact on broader crypto liquidity conditions.