according to on-chain analyst Yu Jin's monitoring, as the price of Ethereum reaches $3,200, two prominent whales/institutions that previously took large long positions on ETH have turned from unrealized losses to unrealized gains. Among them, a whale who opened a long position of 203,000 ETH (approximately $647 million) through Hyperliquid, with an average cost price of $3,147, has shifted from a maximum unrealized loss of $74 million to an unrealized gain of $14 million.

On the other hand, Trend Research leveraged borrowing through Aave to purchase 626,000 ETH (approximately $2 billion), with an average cost price of about $3,186, turning from a maximum unrealized loss of $141 million to an unrealized gain of $8.77 million.