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"A Whale profit of 30.45 million USD from two ETH swing trades" has bought the dip of 48,800 ETH in the last 6 hours.
According to Gate News bot, on-chain analyst Yu Jin monitored that "a Whale/institution that made a profit of 30.45 million USD through two rounds of ETH swing trading" has bought 48,800 ETH using 127 million USDC to buy the dip in the last 6 hours after today's fall.
After making a profit of 30.45 million USD through two rounds of ETH swing trading some time ago, they started their third ETH buy on the 11th, spending 46.494 million USDC to purchase 16,500 ETH.
Early this morning, ETH experienced a significant fall, and they continued to buy the dip on ETH. So far, they have transferred a total of 127 million USDC to Wintermute and CEX, purchasing 48,825 ETH to return to their address. In other words, their third ETH swing trading has currently spent a total of 174.1 million USD to purchase 65,325 ETH, with an average price of 2,665 USD. They are currently in a floating loss.