Data: A certain whale/entity sold 11,620 ETH in the past 6 hours, approximately worth 36.77 million USD

According to ChainCatcher's message, on-chain analyst Yu Jin monitored that ETH dropped to $2,850 on July 5, and a certain whale/institution sold 36,000 ETH (approximately $104 million) that day to convert into USDT to repay loans and avoid liquidation. Today, ETH has dropped by 8%, and this whale/institution has sold another 11,620 ETH (approximately $36.77 million) in the past 6 hours to convert into USDT to repay loans.

This whale/institution currently holds only 17,943 ETH, while before June 25, they held 78,714 ETH, meaning that in the past month, they have sold a total of 60,771 ETH.