A certain institution has used 112.96 million USDC to purchase 47070 ETH in the past 3 days

According to Spot On Chain monitoring, a certain institution used 112.96 million USDC to purchase 47070 ETH at an average price of $2400 during the recent 3-day market downturn. In the past 11 days, the institution has invested $333.78 million through Wintermute and Coinbase over-the-counter transactions to acquire 132535 ETH (with an average price of $2518), resulting in a floating loss of $36.68 million (-11%). The profit of over 30 million US dollars previously obtained is facing the risk of being sold back.