According to Lookonchain, a notable Ethereum whale repurchased 8,012 ETH for $14.25 million at an average price of $1,779, settling prior debt just 2 hours before the report. Over the past 10 days, this large-scale trader realized a net profit of $159,000 trading ETH. This sequence of high-value trades and rapid debt repayment signals increased confidence in short-term ETH price stability and may influence market liquidity and volatility. Traders monitoring whale activity can use this data point for short-term ETH price movement analysis. Source: Lookonchain via Twitter and Debank.

According to Crypto Rover (@rovercrc), Bybit still needs to buy back 300,000 ETH, which could potentially influence Ethereum's market price by increasing demand. This buyback is significant for traders as it might create upward pressure on ETH prices, encouraging a bullish market sentiment.

According to Crypto Rover, Bybit has initiated a substantial Ethereum buyback, receiving $100 million USDT, allocating $50 million each to Galaxy Digital and FalconX, and purchasing 36,900 ETH. This activity has been confirmed through transaction data and has been deposited back into Bybit, indicating a significant inflow of buy pressure potentially impacting Ethereum's market dynamics.