An institution increased its holdings by over 47,000 ETH in three days, with total unrealized losses reaching $36.68 million
According to Odaily Planet Daily, Spot On Chain monitoring shows that an institution deployed 112.96 million USDC during the recent three-day market correction to purchase 47,070 ETH at an average price of $2,400. Over the past 11 days, this institution has accumulated a total investment of $333.78 million to acquire 132,535 ETH through platforms such as Wintermute and CEX, with an average entry price of $2,518. It is currently facing an unrealized loss of approximately $36.68 million (-11%), putting its previously realized profit of over $30 million at risk of being given back.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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