A whale/institution bought 19,020 ETH at an average price of US$2,426 in the past two days.

According to data analyst Yu Jin, a whale/institution has bought 19,020 ETH ($46.14 million) through Bitfinex and Binance in the past 2 days. This whale/institution withdrew USDT from Bitfinex through multiple addresses in February 2021 and transferred 80.24 million USDT to 8 new addresses 18 days ago. Then, in the past 2 days, they transferred 50.14 million USDT through 5 addresses to Bitfinex and Binance and bought 19,020 ETH ($46.14 million). Additionally, 30.09 million USDT in 3 other addresses (currently in Aave) have not been moved, but it is expected that they will also be transferred to CEX and used to buy ETH in the next few days.