TechFlow news, on July 18, according to analyst Yu Jin's monitoring, an institution has accumulated 103,141 ETH over the past six days via FalconX at an average price of $3,140, totaling approximately $323.8 million. Another address accumulated 103,274 ETH through Kraken within a similar timeframe at an average price of $2,885, totaling about $298 million, currently holding an unrealized profit of around $63 million. Four hours ago, this address withdrew an additional 14,982 ETH ($51.29 million) from Kraken. The two addresses show high similarity in accumulation timing, method, and quantity, likely indicating the same institution. Institutional accumulation of large amounts of ETH in the market has driven the price up from $2,500 in July to the current $3,600.
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