Interesting Position Movement — a major exchange just withdrew 20,850 ETH, worth approximately $63.28 million. Even more noteworthy is that the institutional investor behind this asset also engaged in staking and lending through addresses, borrowing a total of 40 million USDT to operate. From the accumulated data, this institution has amassed a total of 600,850 ETH, with a total market value approaching $1.82 billion. Calculating the cost basis, the average purchase price is roughly $3,146 per ETH. This large-scale concentration of ETH combined with the stablecoin deployment reflects the institution's long-term optimism for the Ethereum ecosystem at this stage.
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LiquidatorFlash
· 8h ago
600,850 ETH... The leverage on this lending position is a bit scary. With 40 million USDT directly invested, how tight does the collateralization ratio need to be?
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ValidatorViking
· 8h ago
600k eth sitting in one validator set? nah, that's not "long-term bullish" — that's concentration risk waiting to happen. seen this movie before during the merge chaos. sure, the staking mechanics look solid on paper, but let's talk about validator set diversity and actual network resilience here, not just the dollar signs.
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SelfSovereignSteve
· 8h ago
Institutions are frantically buying up, this pace doesn't seem right.
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EyeOfTheTokenStorm
· 8h ago
Over 6 million ETH + 40 million USDT, this move... is definitely building a bottom. Let the data speak. The institutional investors with a cost basis of $3,146 are now having the time of their lives.
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not_your_keys
· 9h ago
The madman is building a position, while retail investors are still hesitating?
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Degen4Breakfast
· 9h ago
Wow, how much does this institution believe in ETH? They directly poured in 40 million USDT.
Interesting Position Movement — a major exchange just withdrew 20,850 ETH, worth approximately $63.28 million. Even more noteworthy is that the institutional investor behind this asset also engaged in staking and lending through addresses, borrowing a total of 40 million USDT to operate. From the accumulated data, this institution has amassed a total of 600,850 ETH, with a total market value approaching $1.82 billion. Calculating the cost basis, the average purchase price is roughly $3,146 per ETH. This large-scale concentration of ETH combined with the stablecoin deployment reflects the institution's long-term optimism for the Ethereum ecosystem at this stage.