According to TechFlow TechFlow, on January 5th, according to on-chain analyst EmberCN, as the price of Ethereum reached $3,200, two whale /institutions that had previously been aggressively long on ETH have turned from unrealized losses to unrealized profits.
Among them, the whale that opened a long position of 203,000 ETH (approximately $647 million) through Hyperliquid had an average cost of $3,147 and has turned from a maximum floating loss of $74 million to a floating profit of $14 million.
On the other hand, Trend Research purchased 626,000 ETH (approximately $2 billion) through Aave leveraged lending, with an average cost of approximately $3,186, turning a maximum unrealized loss of $141 million into an unrealized profit of $8.77 million.
