According to Spot On Chain monitoring, during the recent market downturn, an institutional address spent 112.96 million USDC to acquire 47,070 ETH at an average price of $2,400.
Over the past 11 days, it has spent a total of $333.78 million through over-the-counter trades with Wintermute and Coinbase to buy 132,535 ETH at an average price of $2,518, currently facing floating losses of $36.68 million (-11%).




