A giant whale spent 127 million USDC in the past 6 hours to buy 48800 ETH at the bottom

According to on chain analyst Yu Jin's monitoring, "the giant whale/institution that made a profit of $30.45 million through two ETH bands" used 127 million USDC to buy 48800 ETH in the past 6 hours after the market fell today. 1. After earning $30.45 million in the previous two ETH bands, the third position building was launched on the 11th, with a cost of 46.494 million USDC to purchase 16500 ETH coins; 2. After a significant drop in ETH early this morning, we continued to increase our holdings and transferred a total of 127 million USDC to Wintermute and Coinbase, purchasing 48825 ETH to withdraw from our address; 3. The third wave has invested a total of $174.1 million to purchase 65325 ETH, with an average price of $2665, and is currently in a floating loss state.