Trend Research and [$230 million whale opening long position] Ethereum holdings have turned profitable from losses

GateUser-6433627c · 2026-01-05T03:02:37+00:00

ETH breaks through $3200, turning multiple institutions' unrealized losses into unrealized gains, with whales profiting above their cost basis. Two major institutions hold large amounts of ETH through different methods, significantly improving their unrealized gains.

GateUser-6433627c

2026-01-05 03:02:37

Abstract generation in progress

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.

ETH-4,5%

AAVE-4,77%

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