A whale who used Aave for leveraged long positions on ETH has reduced their holdings by 2,500 ETH.

BlockBeats News, November 2, according to on-chain analyst Ai Aunt (@ai_9684xtpa), a major holder who was leveraging ETH in a loop on Aave, address 0xC26...7869C, sold 2,500 ETH (approximately $9.67 million) eight hours ago, reducing part of their leverage.

Between October 13 and October 27, he bought 2,989 ETH at an average price of $4,197. This sale will result in a loss of $820,000; currently, he still has 13,504.56 ETH collateralized on Aave and has borrowed 37.24 million stablecoins, with a health factor of 1.16.