A certain institution's whale has turned bullish today

According to Yujin, a certain institutional whale sold 70,000 ETH (approximately $223 million) at an average price of $3,188 five days ago and made a profit of $24.48 million by shorting, but today has turned to going long.

Five hours ago, it transferred $153 million USDT to Binance and withdrew 57,700 ETH (approximately $162 million), buying at an average price of $2,820. Currently, it holds a total of 432,000 ETH (approximately $1.24 billion), with an overall average holding price of $3,332, resulting in an unrealized loss of about $200 million.