On July 19, according to on-chain data analyst Ember, a certain whale/institution spent 64.04 million $USDT to purchase 18,557 $ETH on the chain in the last two days, with an average price of $3,451.
The whale/institution withdrew 47.28 million $USDT from Cryptocom, Cumberland, etc. to the chain to purchase $ETH, and then mortgaged $ETH to borrow 16.75 million $USDT from $Aave to continue purchasing ETH. Currently, this whale/institution holds 38,000 $ETH (approximately $135.00 million).
[BlockBeats]