Investment institutions increased their holdings of 9001 ETH against the trend, with total Holdings exceeding 180,000 and unrealized gains of 32.6 million USD.

On-chain observations show that a well-known investment institution continued to increase its holdings of Ether after the market pullback. It is reported that the institution purchased 9,001 ETH yesterday after the price fall, worth approximately 22.72 million dollars.

In terms of specific operations, the institution first obtained a loan of 42.1 million USDT from a certain lending platform, and then transferred the funds to a large exchange. After completing the purchase of Ether on the exchange, the institution withdrew the newly purchased 9,001 Ether to an off-chain wallet.

As of now, this investment institution has accumulated and holds about 182,000 ETH. Its average purchase cost is estimated to be around $2,250, and at the current market price, the paper profit has reached $32.6 million.

This series of operations indicates that, despite the recent market pullback, some institutional investors remain optimistic about the long-term development prospects of ETH, choosing to buy the dip and increase their holdings. This may reflect the institutions' confidence in the future development of the Ether ecosystem.