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Institutions spent $223 million to buy 85,000 ETH in 7 days, with unrealized losses of 9.4 million still continuing to increase the position.
[Chain News] On June 18, according to data platform tracking, an institutional address started the third round of ETH Build a Position on June 11, with a total expenditure of 223 million USDC to purchase 85,465 ETH at an average price of $2,617.7. The latest transaction was made 7 hours ago, buying 15,000 ETH at $2,477. Currently, the address has unrealized losses of about $9.4 million and still has 113 million USDC available, which may continue to increase the position.