According to Jinse Finance, according to the monitoring of on-chain analyst Yu Jin, a whale/institution sold 36,000 ETH (US$104 million) on July 5th in exchange for USDT to repay loans and avoid liquidation. Today, ETH fell by 8%, and this whale/institution sold another 11,620 ETH (US$36.77 million) in USDT in the past 6 hours to repay loans. This whale/institution currently holds only 17,943 ETH, while before June 25, he held 78,714 ETH. In other words, he sold as many as 60,771 ETH in the past month.