A certain investment institution has recently intensified its layout in ETH. Today, they purchased 46,379 ETH through leveraged borrowing, worth approximately $137 million.

Since the beginning of November, when ETH fell to the position of 3,400 USD, this institution has been continuously accumulating at the bottom. So far, they have accumulated approximately 580,000 ETH, with a total investment of up to 1.72 billion USD, and the average price is controlled at around 3,208 USD.

However, the timing for this bottom-fishing is a bit awkward—current ETH prices have led to an unrealized loss of up to $141 million. They are clearly still confident about the market's future, which is why they continue to use leverage to increase their positions. This practice of daring to add to positions while in an unrealized loss state reflects the strong conviction of large funds regarding the long-term trend of ETH.