According to Spot On Chain monitoring, the smart money address oilysirs.eth converted 3,292,000 X2Y2 into about 80 ETH (about $150,000) and then bought ARBs and BLURs. The address exchanged 40 ETH for 131,984 BLURs at an average buy price of $0.56. This is the first time the address has bought back BLURs after closing its position 16 days ago.
Note that oilysirs.eth bought 1,025,387 BLURs with 302 ETH at an average price of $0.46 and sold them for a profit of $1 million at 0.94. On March 24, the address bought 1.05 million ARBs with 696 ETH at an average price of $1.35.