On January 5th, according to Ember Monitoring, with ETH breaking through $3200, it has surpassed the cost price of Trend Research and the [$230 million long whale ], two whale /institutions that had been aggressively long ETH recently. They have both turned from unrealized losses to unrealized profits.
[A $230 Million Whale Opens a Long Position] A whale opened a long position of 203,000 ETH ($647 million) through Hyperliquid, with an average cost of $3,147. The overall position has now turned from a maximum unrealized loss of $74 million to an unrealized profit of $14 million.
Trend Research purchased 626,000 ETH (worth $2 billion) using leveraged lending through Aave, at an average cost of approximately $3,186. The overall position has since recovered from a peak unrealized loss of $141 million to a current unrealized profit of $8.77 million.
