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12:55
Bhutan's sovereign wealth fund sold over 25,000 ETH to reduce leverage during the morning's price dip.
On February 1, according to on-chain information, an address associated with Bhutan's sovereign wealth fund Druk Holdings actively sold Ethereum (stETH) during the Ethereum price drop early this morning (around 2:30 AM) to avoid leveraged liquidation. The timing of the transaction coincided with Ethereum's short-term low of $2,243. According to statistics, the address sold about 25,816 ETH within a short period and repaid loans on Aave in the form of USDT. As of the time of writing, the Aave account health factor of this address is 1.10, currently holding 78,245.7949 stETH, with outstanding loans of 137.8 million USDT.
12:41
Bhutan's sovereign wealth fund transferred about 100 BTC to QCP Capital before the market downturn
According to Odaily, Arkham monitoring shows that prior to the recent downturn in the crypto market, Bhutan's sovereign wealth fund transferred approximately 100.818 BTC, worth about $8.31 million, to QCP Capital over the past two days.
12:36
Bhutan Sovereign Wealth Fund sold over 25,000 Ethereum to reduce leverage during this morning's flash crash
BlockBeats News, February 1st, on-chain data shows that an address associated with Bhutan's sovereign wealth fund Druk Holdings proactively sold Ethereum (stETH) during the early morning drop in Ethereum (around 2:30 AM) to avoid leveraged liquidation. In terms of timing, this transaction coincided with Ethereum's brief low point at $2,243. According to statistics, this address sold approximately 25,816 ETH in a short period and repaid its loan on Aave in USDT. As of press time, the health factor of this address's Aave account is 1.10, currently holding 78,245.7949 stETH, with an outstanding loan of 137.8 millions USDT.
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