According to on-chain analyst Ember, the whale/institution that previously made $30.45 million in profits from two ETH swing trades has just invested the remaining 30,058,000 USDC from their address to buy back 13,498 ETH. Since June 11, over the course of 11 days, they have used $336 million USDC to purchase a total of 132,000 ETH, with an average cost of $2,540 per ETH. They are currently facing an unrealized loss of $39.76 million.