According to @EmberCN, a major ETH whale or institution just deployed their remaining $30.058 million USDC to buy 13,498 ETH. Over the past 11 days since June 11, this entity has converted a total of $336 million USDC into 132,000 ETH at an average cost of $2,540 per ETH. Currently, they are sitting on an unrealized loss of $39.76 million. This large-scale accumulation and current drawdown may impact short-term ETH market sentiment and provide trading signals for high-volume traders (Source: @EmberCN on Twitter, June 21, 2025).

According to @glassnode, the Ethereum cost basis distribution highlights a significant supply overhead near the current price of $1,895.50, where approximately 1.64M ETH is concentrated. This level is crucial for traders as many holders last active in November 2024 bought into the rally, raising their cost basis. Monitoring these levels is essential for predicting potential resistance areas.