The Radiant Capital hacker has spent another 10 million DAI on increasing ETH positions in the past hour, bringing the total to 18.64 million DAI spent on 4,487.8 ETH today, with an average price of 4,154 USD.
This hacker really knows how to play the game; since stealing the funds, they have realized a profit of 41.63 million USD, making them a genius investor in the crypto world. Compared to their move a week ago where they sold ETH for DAI, it is now clear that they are bottom-fishing, suggesting they are optimistic about an ETH rebound.
Market liquidity is weak, and the U.S. Treasury's withdrawal of 500 to 600 billion USD could amplify volatility; if you are an ETH holder, don't rush to sell. The Fed's actions in September may be a turning point, with a short-term target of 4,200 USD.