Deep Tide TechFlow News, February 4th, according to MLM monitoring, a certain entity is continuously selling large amounts of ETH on Hyperliquid through 11 wallets to repay its loans on Aave:\n\nIn the past 5 hours, this entity has sold 31,700 ETH (approximately $80.8 million) on Hyperliquid; over the past 4 days, a total of 47,000 ETH (about $120 million) has been sold. Currently, it still deposits 49,600 ETH (about $112 million) into Aave as collateral and has borrowed $86 million in USDC.\n\nAs the ETH price declines, this position has approached liquidation margin, forcing continuous ETH sales to repay debts in order to avoid being fully liquidated.
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An entity is selling ETH on Hyperliquid through 11 wallets, having sold 31,700 ETH in the past 5 hours.
Deep Tide TechFlow News, February 4th, according to MLM monitoring, a certain entity is continuously selling large amounts of ETH on Hyperliquid through 11 wallets to repay its loans on Aave:\n\nIn the past 5 hours, this entity has sold 31,700 ETH (approximately $80.8 million) on Hyperliquid; over the past 4 days, a total of 47,000 ETH (about $120 million) has been sold. Currently, it still deposits 49,600 ETH (about $112 million) into Aave as collateral and has borrowed $86 million in USDC.\n\nAs the ETH price declines, this position has approached liquidation margin, forcing continuous ETH sales to repay debts in order to avoid being fully liquidated.