A smart institution sold 33585 ETH in the past 7 hours for 85.38 million USDC

According to Spot On Chain monitoring, the smart institution that purchased $333.78 million worth of ETH in mid June is now selling. In the past 7 hours, the institution has sold 33585 ETH for 85.38 million USDC (with an average price of $2542), locking in a profit of $806000. They have currently achieved over $30 million in profits from ETH, while still holding 100000 ETH (worth approximately $261.4 million) in a pledged state. Ask ChatGPT