According to Lookonchain monitoring—— Bybit seems to have purchased 71755 ETH worth $197 million through OTC Attention: OTC purchases do not affect market prices! Because the design purpose of OTC trading is to ensure that large transactions do not affect market prices, as it does not directly interact with the open market order book, this can avoid price fluctuations caused by large buy or sell orders. In this case, the purchase price of Bybit is consistent with the market price and will not immediately affect the exchange price. However, although OTC trading itself does not directly affect prices, if the market becomes aware of Bybit's large purchases, it may be interpreted as strong demand for ETH, which may indirectly push up prices. After all, there are still hundreds of thousands of purchasing needs!