Odaily Planet Daily reports that according to on-chain analyst Yu Jin's monitoring, a whale/institution that made $30.45 million profit from two ETH trading cycles has recently used 127 million USDC to buy 48.80 thousand ETH in the past 6 hours following today's price drop. After previously making $30.45 million profit from two ETH trading cycles, they started a third ETH purchase on the 11th, spending 46.49 million USDC to buy 16.50 thousand ETH. Following a significant ETH price drop early today, they continued buying ETH. Up to now, they have transferred a total of 127 million USDC to Wintermute and Coinbase, purchasing 48,825 ETH and transferring them back to their addresses. In total, their third ETH trading cycle has so far spent 174.10 million USD to acquire 65,325 ETH at an average price of $2,665 per ETH. They are currently at an unrealized loss.