Recently, there are really a lot of whales/institutions hoarding ETH, and another address has accumulated a large amount of ETH through FalconX:

In the last day, 47,121 ETH ($169 million) was accumulated through FalconX, with an average price of $3,545.

Address: 0x8eEafEF1a3c7C158aA0b3b75bDEa965bFBa3Eb7d