律动BlockBeats|Feb 01, 2026 12:35
[Bhutan Sovereign Wealth Fund Sells Over 25,000 ETH to Reduce Leverage During Flash Crash This Morning]
BlockBeats News, February 1: On-chain data shows that an address associated with Bhutan's sovereign wealth fund, Druk Holdings, actively sold Ethereum (stETH) during this morning's Ethereum price drop (around 2:30 AM) to avoid leverage liquidation. From the timing, this transaction coincided with Ethereum's short-term low of $2,243. Statistics indicate that the address sold approximately 25,816 ETH in a short period and simultaneously repaid loans on Aave in USDT.
As of press time, the Aave account of this address has a health factor of 1.10, currently holding 78,245.7949 stETH, with outstanding loans of $137.8 million USDT.
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