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Trend Research and [$230 million whale opening long position] Ethereum holdings have turned profitable from losses
On January 5th, according to Ember Monitoring, as ETH broke through $3,200, it has surpassed the cost basis of two high-profile whales/institutions that recently went long on ETH: Trend Research and the @E5@2.3 billion USD long whale. They have all shifted from floating losses to floating profits: the @E5@2.3 billion USD long whale opened a long position of 203,000 ETH @E6.47 billion USD(, with an average cost of $3,147. The overall position has changed from a maximum floating loss of $74 million to a floating profit of $14 million. Trend Research borrowed on Aave to buy 626,000 ETH )2 billion USD(, with an average cost of approximately $3,186. Their overall position has shifted from a maximum floating loss of $141 million to a floating profit of $8.77 million.