Two whales holding a total of $2.647 billions worth of ETH positions have turned profitable, with a combined unrealized gain of $22.77 millions.

According to Odaily, Ember monitoring shows that as the ETH price reached $3,200, both Trend Research and a whale with $230 millions in long positions have turned from unrealized losses to unrealized gains.

The whale with $230 millions in long positions (0xb31...3ae) opened a long position of 203,000 ETH via Hyperliquid, valued at $647 millions, with an average entry price of $3,147. This position previously had a maximum unrealized loss of $74 millions, and currently has an unrealized gain of $14 millions.

Trend Research (16090...fd95) used Aave to leverage and purchase 626,000 ETH, valued at $2 billions, with an average entry price of approximately $3,186. This position previously had a maximum unrealized loss of $141 millions, and currently has an unrealized gain of $8.77 millions.