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A certain Whale bought the dip for 191,477 ETH at an average price of $3335, currently having unrealized gains of $47.87 million.
On November 11, according to on-chain analyst Yu Jin's monitoring, the Whale/institution that “went long after shorting ETH for a profit of 24.48 million USD” shorted ETH and bought the dip of 191,477 ETH at a price of 3,335 USD on November 5, now realizing unrealized gains of 47.87 million USD. They have not stopped buying and have started to leverage: 7 hours ago, they borrowed 100 million USDT from Aave and transferred it to CEX, then withdrew 44,288 ETH. In the past week, they have purchased a total of 235,765 ETH at an average price of 3,372 USD.