There are still long-term ETH holders buying ETH: a whale borrowed 10 million DAI from Maker in the last 2 days and then purchased 3,998.5 ETH.

He now holds over 65,000 ETH ($161.25M), with a relatively low average cost of around $1,743.

Previously, he spent 104 million U to purchase ETH and WBTC in 2022, but later converted all WBTC to ETH.

Address: 0xab7b99998206d1ccf8b13b02b7566c267f4e2313