An institution increased its holdings by more than 47,000 ETH in three days, and the accumulated floating loss has reached 36.68 million US dollars

Odaily News According to Spot On Chain monitoring, an institution used 112.96 million USDC to buy 47,070 ETH at an average price of $2,400 during the market correction in the past three days. In the past 11 days, the institution has invested a total of $333.78 million to purchase 132,535 ETH through platforms such as Wintermute and Coinbase, with an average opening price of $2,518. The current floating loss is about $36.68 million (-11%), and the previous earnings of more than $30 million are facing the risk of withdrawal.