Whales/institutions that profited from two ETH swing trades have purchased ETH worth $127 million in the past 6 hours.

BlockBeats reported that on June 13, according to Ember monitoring, [a whale/institution that profited 30.45 million USD from two $ETH trading cycles] after today's decline, has used 127 million $USDC in the past 6 hours to buy 48.80 thousand $ETH at the bottom.

After profiting 30.45 million USD from two $ETH trading cycles earlier, they started their third $ETH purchase on the 11th, spending 46.49 million $USDC to buy 16.50 thousand ETH.

In the early hours today, $ETH experienced a significant drop, and they continued buying ETH. So far, they have transferred a total of 127 million $USDC to Wintermute and Coinbase, purchasing 48,825 $ETH and withdrawing them to their address. In other words, their third $ETH trading cycle has cumulatively spent 174.10 million USD to buy 65,325 $ETH at an average price of 2,665 USD. They are currently at an unrealized loss.