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The major investor who sniped the short positions during the 1011 crash has taken new action a month later.
Yesterday early morning, he directly bought 20,000 ETH, increasing his single-asset position to 223,340 ETH. At the current price, this holding is worth over $736 million, with an unrealized profit of $29.46 million. Including gains from other cryptocurrencies, the total unrealized profit exceeds $40 million.
From the counter-trend operation during the flash crash to continuous accumulation now, this major investor clearly has a bullish outlook on ETH's future. The scale and pace of this increase also send a signal to the market — institutional investors are not bearish; instead, they are continuing to position themselves at key levels. It is worth noting that similar on-chain anomalies often serve as early signs of market reversals.