Both Trend Research and the "230 million USD whale" institutional investors have successfully closed their ETH long positions at a profit.

PANews, January 5th – According to Ember, as ETH surged to $3,200, both Trend Research and the “$230 million whale”—two major institutional investors—have now closed their ETH long positions at a profit. The “whale” opened a long position of 203,000 ETH (approximately $647 million) on Hyperliquid at an average entry price of $3,147, currently sitting on an unrealized profit of about $14 million. Trend Research, on the other hand, purchased 626,000 ETH (about $2 billion) using leverage on Aave at an average cost of $3,186, with an unrealized profit of approximately $8.77 million. Previously, both parties had unrealized losses as high as $74 million and $141 million, respectively.