According to TechFlow, on July 27, @ai_9684xtpa monitored that two whales had built large ETH positions in the past three hours:

1. The multi-signature address 0x113...439a4 withdrew 7.96 million USDT from OKX and Binance one hour ago, and then bought 2,580 ETH on the chain at an average price of $3,294, worth $8.5 million. 2. The multi-signature address 0xc72...a839D withdrew 20.34 million stablecoins from Aave three hours ago, and then used 1inch to buy 6,613 ETH at an average price of $3,278, worth $21.68 million.

The two whales bought a total of 9,193 ETH (about $30.18 million), pushing the price of ETH up by $60 in a short period of time. These operations are similar and may belong to the same person or entity.