Bhutan's Sovereign Wealth Fund Reduces Ethereum Holdings

On February 2, on-chain data revealed that an address linked to Bhutan's sovereign wealth fund, Druk Holdings, reduced its Ethereum holdings by 26,535 ETH within the past 24 hours. According to BlockBeats, the Aave account associated with this address currently has a health rate of 1.17 and holds 51,710.6793 stETH, with an outstanding loan of 79.75 million USDT. On January 20, the address linked to Druk Holdings had leveraged a long position on Ethereum. At its peak, this leveraged position held approximately 117,000 ETH.