One of the major investors in Ethereum sold 5306 Ethereum to repay all Aave loans.
The exit process has been completed with a risk reduction operation that lasted five days.
The wallet withdrew 24700 Ethereum after settling the debt.
This step highlights the cautious behavior of whales, rather than outright pessimism.
The blockchain tracker Lookonchain documented whale account 0xa339 executing a swift and strong liquidation of a large holding of $ETH using leverage. In about 20 minutes, the whale sold 5,306 ETH for a total value of $15.76 million at an average price of $2,970 to fully repay all outstanding loans in Aave.
Aave Loan Repayment in One Step
About $15.7 million of debt was sold directly, eliminating liquidation risks in the process. After settling the debt, the whale recovered the remaining 24,700 ETH, valued at $74.41 million outside Aave, to close the position permanently. This step represents the final phase of a comprehensive exercise to reduce risks that began five days ago. The whale sold 20,599 Ethereum tokens on December 18 for $59.1 million at a price of about $2,869, marking a significant reduction in exposure compared to a previous high of over $144 million in Ethereum-related positions. The strategy reflects a gradual approach to risk management rather than rushing to sell.
Profit Taking Strategy
According to blockchain records, the whale was using rolling techniques, placing $ETH as collateral, borrowing it, and using the funds to gain more market exposure. The whale was likely hedging, selling at prevailing prices and not having to sell at a price drop, making profits during Ethereum's previous price strength. The exchange of wrapped Ethereum and the quick repayment relied on by the whale, according to transaction records from Arkham Intelligence, demonstrates the effectiveness of decentralized finance infrastructure. The position was closed with minimal friction, highlighting the ability of large players to adjust risks almost instantaneously on the blockchain.
Market Effects
Although the volume of the sale $ETH represents a tiny fraction of daily trading, analysts note that whale exits tend to impact short-term market sentiment. Traders will be keen to understand whether this signals increased profit-taking by leveraged traders on Ethereum or if it is an exceptional event. The whale's exit indicates a growing tendency among whales to reduce leverage usage amid unforeseen economic factors. The whale has no debts in Ethereum; instead, it sold Ethereum without leaving the market, a warning sign rather than a bearish belief.
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