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Due to the decline in ETH price, a whale who collateralized ETH on Spark Protocol to borrow USDT sold 11,190 ETH (approximately $32.83 million) through OKX in the past two days to maintain the safety of their position, and withdrew 26.55 million USDT for repayment. After reducing their position, the liquidation price has dropped to $2,268. They are currently still collateralizing 37,400 ETH (about $110 million) and have borrowed $62.57 million.