According to Spot On Chain monitoring, an institution used 112.96 million USDC during the recent 3-day market correction period to buy 47,070 ETH at an average price of $2400. In the past 11 days, the institution has invested a total of $333.78 million through platforms such as Wintermute and Coinbase to purchase 132,535 ETH, with an average position price of $2518. The current unrealized loss is approximately $36.68 million (-11%), with the previous profit of over $30 million facing the risk of being given back.
