Cumulative position building exceeds $38.61 million, an entity swaps UBTC for ETH and then buys 6,214.58 ETH

Odaily reports that according to on-chain analyst Ai Yi's monitoring, an entity previously swapped UBTC for ETH and then bought 6,214.58 ETH. Since September 18, this entity has built a cumulative position exceeding $38.61 million.

Over the past 11 hours, this entity purchased $16.03 million worth of ETH on-chain through 5 addresses via the same route, with an average purchase price of $2,580. It has currently accumulated 15,272.77 ETH at an average cost of approximately $2,528.24, with an unrealized profit of $2.115 million.