BlockBeats reports that on December 20, according to lookonchain monitoring, the recent price drop forced whales to sell ETH to repay debts.
A giant whale deposited 22,746 ETH (approximately 77.7 million USD) into Binance over the past 5 hours and withdrew stablecoins to repay debts on Spark and Aave. Additionally, this whale has deposited a total of 31,968 ETH (approximately 122.3 million USD) into Binance over the past two days.