I just saw a large ETH exchange activity on the blockchain. Recently, World Liberty Finance sold 93.77 WBTC to acquire 2,868.4 ETH, with the exchange rate at approximately $2,813 per ETH. Such large-scale USDT to ETH swaps are quite common on the chain and usually indicate institutions adjusting their asset allocations. Interestingly, this transaction is quite sizable, valued at over $8 million, showing that big players are indeed interested in ETH. I think these on-chain transfer data are worth paying attention to, as they can reveal some movements of major institutions.