Deep Tide TechFlow News, on July 19, according to on-chain analyst Yu Jin's monitoring, a certain whale/institution has purchased 18,557 ETH on-chain with 64.04 million USDT in the past two days, at an average price of $3,451.

This address withdrew 47.28 million USDT from places like Cryptocom and Cumberland to purchase ETH on-chain, and then mortgaged ETH to borrow 16.75 million USDT from Aave to continue purchasing ETH. In other words, they have leveraged a bit. Currently, this whale/institution should hold 38,000 ETH ($135 million).