According to on-chain analyst Ember Monitoring, a whale/institution sold 36,000 ETH ($104 million) on July 5th to exchange for USDT to repay the loan to avoid being liquidated. Today ETH fell by 8%, and the whale/institution sold another 11,620 ETH ($36.77 million) in the past 6 hours to exchange for USDT to repay the loan. The whale/institution currently holds only 17,943 ETH, compared to 78,714 ETH before June 25. That is to say, he has sold a whopping 60,771 ETH in the past month.