Institutional Buyer Accumulates 132,535 ETH Amid Market Dip, Spending $3.34 Billion

According to Spotonchain data reported by COINOTAG News on June 23rd, a prominent institutional investor executed a strategic accumulation of 47,070 ETH during a recent three-day market correction, deploying approximately 1.13 billion USDC at an average entry price near $2,400. Over the last 11 days, this entity has engaged in substantial OTC purchases totaling 132,535 ETH, valued at roughly $3.34 billion, facilitated through major liquidity providers Wintermute and Coinbase. Despite these sizable acquisitions, the position currently reflects an unrealized loss of approximately $36.68 million, equating to an 11% drawdown. This data underscores the ongoing institutional interest in Ethereum amid market volatility, highlighting the nuanced risk management strategies employed in large-scale crypto asset accumulation.