Mysterious Whale Sells Nearly 30,000 ETH to Repay $44.14 Million Debt

Massive ETH Sell-Off by Whale Sparks Market Watch

Chain analytics reveal a major crypto whale recently executed a large-scale ETH sell-off on Spark platform. Starting from $2,050 price point, this user systematically sold 27,800 ETH through stop-loss orders to repay a substantial $44.14 million loan.

Current Whale Position Overview

Despite repaying part of the debt, the whale still holds 9,810 ETH (worth about $18.66 million) on Spark, maintaining a DAI loan position of 12.83 million tokens. Notably, the liquidation price for this position has dropped from yesterday's $1,800 to the current $1,560.

• Repaid Loan Amount: $44.14 million
• Remaining ETH Holdings: 9,810 ETH
• Current Loan Size: 12.83 million DAI
• Collateral Price Threshold: Decreased from $1,800 to $1,560

Market observers suggest this large-scale stop-loss activity might indicate cautious positioning by major holders amid current ETH price dynamics. With the liquidation threshold continuing to fall, the whale may face increasing margin pressure in coming days.