Wu said that according to Lookonchain's monitoring, the recent price drop has forced whales to sell ETH to repay debts. A certain whale deposited 22,746 ETH (approximately 77.7 million USD) into Binance in the past 5 hours and withdrew stablecoins from Binance to repay debts on Spark and Aave. The address has deposited a total of 31,968 ETH (approximately 122.3 million USD) into Binance in the past 2 days.