A certain whale spent $5.13 million three hours ago to buy 3316 ETH on the chain

According to on chain analyst @ ai_9684xtpa monitoring, Giant Whale 0x248... 87976 opened a position on ETH for $5.13 million three hours ago. Three hours ago, he directly purchased 3316 ETH on the chain at an average price of $1548. However, according to past transaction records, it seems that he was trying to manipulate the market. In the past month, he has accumulated a loss of $380000 by buying high and selling low ETH.