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TechFlow news, June 23 — According to on-chain analyst Spot On Chain (@spotonchain), an institution purchased 47,070 ETH at an average price of $2,400 using $112.96 million in USDC during the recent three-day market downturn.
Over the past 11 days, this institution has spent a total of $333.78 million via OTC trades with Wintermute and Coinbase to acquire 132,535 ETH (average price: $2,518), currently facing a floating loss of $36.68 million (-11%).
According to on-chain analyst Spot On Chain (@spotonchain), an institution used $112.96 million in USDC over the past three days during the market downturn to purchase 47,070 ETH at an average price of $2,400. Over the past 11 days, the institution has spent a total of $333.78 million through OTC trades with Wintermute and Coinbase to acquire 132,535 ETH (average price: $2,518), currently facing a floating loss of $36.68 million (-11%).
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