The Ethereum market is making big moves again. A secondary fund under a leading investment institution recently made a significant purchase, accumulating 580,000 ETH with a total value of $1.72 billion. The average cost of this transaction is approximately $3,208 per ETH, and at current prices, it shows an unrealized loss of $141 million.

What's even more interesting is that the institution's leader has announced—another $1 billion will be allocated to continue buying ETH. What signals does this persistent bullish attitude send? In the context of current Ethereum price fluctuations, the actions of large holders often reflect institutional judgments about the medium-term trend. Holding a position with unrealized losses while adding more is not uncommon in the crypto market, but it certainly attracts market attention.

In terms of position size, this level of ETH purchase is enough to influence market expectations. Investors are also watching whether such whale movements could signal a reversal. Regardless, this transaction data is worth tracking.