According to @EmberCN, as ETH reached $3,200, it moved above the average entries of two large leveraged buyers—Hyperliquid whale at $3,147 and Trend Research at ~$3,186—flipping their ETH legs from unrealized loss to profit. source: https://x.com/EmberCN/status/2008010226881225172 The Hyperliquid whale holds 203,000 ETH longs worth about $647M with a $3,147 average entry. source: https://legacy.hyperdash.com/zh-CN/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae The position’s unrealized PnL shifted from a prior maximum loss of about $74M to roughly $14M in profit after the rebound. source: https://x.com/EmberCN/status/2008010226881225172 Trend Research accumulated 626,000 ETH via Aave leverage at an average near $3,186, totaling about $2.0B. source: https://intel.arkm.com/explorer/entity/16090b03-b744-484a-8a6d-b1c62b21fd95 Its ETH book moved from a peak unrealized loss of ~$141M to about $8.77M in profit as price reclaimed cost basis. source: https://x.com/EmberCN/status/2008010226881225172 Earlier, the Hyperliquid whale added 210,000 SOL longs (~$25.2M) after a week of inactivity. source: https://x.com/EmberCN/status/2004351746232156624 At that time, the account’s total leveraged longs were about $740M with a net unrealized loss of ~$58.96M, including 203,000 ETH longs (entry $3,147, liquidation $2,150), 1,000 BTC longs (entry $91,506), and 511,000 SOL longs (entry $130.1). source: https://hyperbot.network/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae