PANews reported on June 6th that, according to on-chain analyst Yu Jin, a whale (a large investor) entered the market on a dip, purchasing ETH with 24 million USDT just 20 minutes ago. In just over a day, this whale spent $152 million worth of USDT to buy 93,330 ETH, at an average price of $1,633. This represents a fully leveraged position of 167,400 ETH ($261 million), with a liquidation price of $1,356, approximately $200 away from the current price.