An institution increased its holdings by over 47,000 ETH in three days, with total unrealized losses reaching $36.68 million

According to Odaily Planet Daily, Spot On Chain monitoring shows that an institution deployed 112.96 million USDC during the recent three-day market correction to purchase 47,070 ETH at an average price of $2,400. Over the past 11 days, this institution has accumulated a total investment of $333.78 million to acquire 132,535 ETH through platforms such as Wintermute and CEX, with an average entry price of $2,518. It is currently facing an unrealized loss of approximately $36.68 million (-11%), putting its previously realized profit of over $30 million at risk of being given back.