Who buys in Block Deals?

Who exactly are the buyers in block deals, and what motivates them to make such large transactions? Are they institutional investors, hedge funds, or perhaps even individuals with deep pockets? Could it be that they see an opportunity to purchase a significant amount of a particular cryptocurrency at a discounted price, or are they simply making a strategic move to influence the market? Additionally, what impact does a block deal have on the price and liquidity of the cryptocurrency being traded? These are just a few of the questions that come to mind when considering who buys in block deals.