PANews reports on June 23rd that according to Spot On Chain monitoring, an institution used 112.96 million USDC to purchase 47,070 ETH at an average price of $2,400 during the recent market decline.
Over the past 11 days, the institution has cumulatively invested $333.78 million through Wintermute and Coinbase OTC trades to acquire 132,535 ETH (at an average price of $2,518), currently facing an unrealized loss of $36.68 million (-11%). The previously gained profit of over $30 million is now at risk of being wiped out.




