Is the wave trading starting?

5 days ago, after cutting losses on 70,000 ETH at an average price of $3,188 (totaling $224.3 million), the whale/institution that [shorted ETH for a profit of $24.48 million and then turned bullish] has started purchasing ETH again today:

5 hours ago, transferred 150 million USDT to Binance, then withdrew 57,725 ETH ($162 million) at a price of $2,820.

Now, they hold 432,000 ETH ($1.24 billion), with an average price of $3,332. They have an unrealized loss of $200 million.