According to PANews, a significant Ethereum holder, known as the '56,995 ETH Whale,' has been actively reducing their holdings to avoid liquidation. On April 10, the whale sold 35,881 ETH at an average price of $1,562, subsequently removing leverage. Three hours ago, the whale further sold an additional 2,000 ETH at a price of $1,575. Currently, the whale retains a balance of 688 ETH.