PANews reported on May 24 that, according to monitoring by @ai_9684xtpa, the whale/institution that started shorting ETH from December 2023 has also begun repaying ETH loans to Aave.

During the period from December 2023 to April 2024, this address collateralized 2,898 WBTC and 14 million USDC, borrowed 38,510 ETH, and deposited all of it into Coinbase, suspected to be sold, valued at $93.51 million.

In the past three days, ETH has risen nearly 20%, and the health factor of this address on Aave has rapidly declined. Three hours ago, it repaid 9,383 ETH (valued at $35.71 million), and the current health factor is 1.48.

It is worth noting that the cost of building the WBTC position for this whale/institution was only $45,906, and it currently has an unrealized profit of $62.73 million.