According to the monitoring of on-chain analyst Ember, a whale/institution sold 10,414 ETH last night: he transferred 10,414 ETH to Binance through 3 addresses, and then withdrew $36.32 million in stablecoins from Binance. This whale/institution sold ETH this time to reduce leverage: his three addresses pledged 68,300 ETH (US$228 million) in Aave and Compound to borrow $141 million in stablecoins. The stablecoins obtained from the sale of ETH this time were used to repay and reduce the borrowing position.