Trend Research and the two major institutional investors, the "$230 million whale," have both successfully unwound their ETH long positions, turning them into unrealized gains.

PANews January 5 News, according to Yuchen, as ETH rises to $3,200, both Trend Research and the “$2.3 billion whale” institutional investors’ ETH long positions have been unwound and turned into floating profits. Among them, the “whale” opened a long position of 203,000 ETH (approximately $647 million) through Hyperliquid, with an average cost of $3,147, currently floating profit of about $14 million; Trend Research, on the other hand, leveraged Aave to purchase 626,000 ETH (about $2 billion), with an average cost of $3,186, currently floating profit of approximately $8.77 million. Both previously experienced floating losses of up to $74 million and $141 million, respectively.