PANews reported on February 4th that, according to on-chain analyst @ai_9684xtpa, a whale/institution sold 41,800 ETH to avoid liquidation. Through 10 addresses, it sold a total of $94.14 million worth of ETH via Hyperunit in the past 8 hours, subsequently depositing it into Aave to repay loans. Since the market downturn on January 31st, it has cumulatively sold 58,117 ETH (approximately $131 million), and currently still has 38,465.3 ETH staked on-chain and has borrowed 40.06 million USDC.