[Whale institutions turn bullish on ETH, holding unrealized losses of $243M] [After profiting $24.48M from shorting ETH, they switched to going long] 6 hours ago, the whale/institution continued to withdraw 23,994 ETH ($65.13M) from Binance. Now, they hold 489,000 ETH ($1.35B) at an average cost of $3,273. Unrealized losses have reached $243M. To purchase this ETH, they used leveraged borrowing. Currently, they have $647M USDT in loans on Aave, roughly 1.5x leverage. https://intel.(arkm.com)/explorer/entity/16090b03-b744-484a-8a6d-b1c62b21fd95 --------------------------------------------------------- ｜Bitget VIP, lower fees, crazier perks