Foresight News reports that, according to Ember monitoring, a certain whale/institution spent 64.04 million USDT within two days to purchase 18,557 ETH at an average price of 3,451 USD. The address withdrew 47.28 million USDT from platforms such as Cryptocom and Cumberland to purchase ETH on-chain, then mortgaged ETH to borrow 16.75 million USDT from Aave to continue purchasing ETH. Currently, this whale/institution holds approximately 38,000 ETH.