Since the decline (in the last 3 days), a whale/institution has spent 52 million USDT to buy 537.6 WBTC at an average price of $96,729.

This whale/institution has actually been buying and hoarding BTC and ETH on the chain since December 2022, and has never sold them.

So far, a total of 167 million USDT has been spent on buying BTC and ETH, and now the floating profit is as high as $69.61 million:

129.8 million USDT bought 2,011.7 WBTC at an average price of $64,559;

37.67 million USDT bought 14,278 ETH at an average price of $2,639.

The address of the whale/institution hoarding WBTC and ETH:

0xed805ac246F441Ea0D057B81d910EF1e39EB5995 (1309.8 WBTC+9365.2 ETH)

0x9A5c7630d327885AE849217702824E5835D3c5E0 (185.6 WBTC+4912.8 ETH)

0x6f8863ccf5365c552011556c6d7d82fcfd668e75 (210.4 WBTC)

0x12c8ab32bfc3b5da73d987073eb854d212909c85 (305.7 WBTC)