According to market monitoring data, on February 2, an institution completed a large-scale ETH liquidation, selling 33,589 ETH worth approximately $79.12 million. Subsequently, the institution withdrew $77.52 million USDT from Binance to repay outstanding loans.
This series of actions lowered the liquidation price of its ETH loans from $1,880 to around $1,830. This adjustment reflects the institution’s proactive risk management approach and indicates an upgraded strategy for responding to market volatility.
Notably, the institution’s moves have not only optimized its asset structure but also potentially influenced market sentiment. With the liquidation price now lower, the safety margin for its holdings has increased significantly.