According to Spotonchain, in the last three days of market decline, an institutional address spent 112.96 million USDC to increase its holdings of 47,070 ETH at an average price of $2,400. Over the past 11 days, it has spent $333.78 million buying 132,535 ETH over the counter with Wintermute and Coinbase, with an average price of $2,518, and is currently facing a floating loss of $36.68 million (-11%).