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As ETH reaches $3,200, it has surpassed the cost basis of the two whales/institutions that recently made high-profile long positions on ETH with \[$230 million in funds\]. They have all shifted from floating losses to floating profits: ◎\[$230 million in funds long whales\] opened long positions on 203,000 ETH ( at a cost basis of $3,147. The overall position has already moved from the highest floating loss ).