According to @EmberCN, MetalphaPro is potentially accumulating ETH, having deposited 25 million USDC into Binance five hours ago and subsequently withdrawing 7,000 ETH ($11.12M) an hour ago. Since April 1, they have withdrawn a total of 29,000 ETH ($48.73M) at an average price of approximately $1,680. This activity suggests a strategic accumulation pattern potentially aimed at leveraging future ETH price movements.