After ETH's big dump of 43%, why are some people BTFD with $20 million?

[Coin World] ETH has recently fallen by 43%, and the long positions on the exchange have been wrecked, but look at DeFi—$330.4 billion in TVL is right there, and the stablecoin volume is also $184.6 billion. This is not a trivial base. A certain mining company recently directly swept 7,080 ETH into their warehouse, costing nearly $20 million. Their logic is straightforward: the short-term price has been smashed, but these hard indicators on-chain indicate that structural value has not been fully priced by the market. The harder it falls, the cheaper the chips become—this round of buying the dip is either genius or madness, and we will know in two months.