Some whale who long on ETH through revolving loans have taken profits, but this has not yet made up for the losses incurred in April.

According to @EmberCN monitoring, the whale 0xa339, which used revolving loans to long on ETH, sold 30,894 ETH in April to avoid liquidation due to the ETH price drop, incurring a loss of approximately $40 million. Subsequently, it repurchased 19,973 ETH at $1,740, bringing its total holdings to approximately 50,000 ETH, with an average price of approximately $2,545. Four hours ago, this address sold 10,000 ETH at $2,915, realizing a profit of approximately $3.7 million. It currently still holds approximately 40,600 ETH (approximately $119 million), with a floating profit of approximately $15 million, but this has not yet offset its previous losses.