Two whales holding a total of $2.647 billion in ETH positions have turned losses into profits, with a combined unrealized gain of $22.77 million.

According to monitoring by Yu Jin, as the price of ETH reached $3,200, both Trend Research and a whale who opened a long position with $230 million have shifted from unrealized losses to unrealized profits.

A whale (0xb31...3ae) who opened a long position with $230 million used Hyperliquid to go long on 203,000 ETH, valued at $647 million, with an average cost of $3,147. This position previously had a maximum unrealized loss of $74 million and currently has an unrealized profit of $14 million.

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