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Found the key player behind the dump? Bhutan's sovereign wealth fund sold over 25,000 ETH during the sharp drop this morning to reduce leverage. According to on-chain information, the address associated with Bhutan's sovereign wealth fund Druk Holdings actively sold ETH ($stETH ) during the ETH decline (around 2:30 AM) to avoid margin liquidation. Based on the timing, this transaction coincides with the short-term low of ETH at 2243.