A whale sold 11,620 ETH in the past 6 hours to repay loans and avoid liquidation

A whale/institution sold 36,000 ETH (worth $104 million) and exchanged it for USDT to repay loans and avoid liquidation on July 5th. Today, ETH has dropped by 8%, and this whale/institution has sold another 11,620 ETH (worth $36.77 million) and exchanged it for USDT to repay loans in the past 6 hours.

This whale/institution currently only holds 17,943 ETH, while they held 78,714 ETH before June 25th. In other words, they have sold as many as 60,771 ETH in the past month.