Ember: "After profiting 24.48 million from shorting ETH, he turned to long on whale/institutions" – possibly referring to a Trend Research address.

According to Foresight News , as monitored by Ember, Trend Research, a secondary investment firm under JackYi, continued to buy 46,379 ETH (approximately $137 million) today using leverage. This firm began buy the dips ETH in early November when the price was around $3,400, and has since accumulated approximately 580,000 ETH (approximately $1.72 billion), with an average cost of around $3,208. They are currently experiencing a paper loss of approximately $141 million. During the purchase process, they borrowed a total of 887 million USDT from Aave, roughly a 2x leverage. Their address is likely the long " whale/institution" we've discussed several times before, who profited $24.48 million from shorting ETH and then went long, as a known Trend Research address used their frequently used Binance deposit address recently.