Giant Whale Institution turns to long, holding 432000 ETH with a floating loss of $200 million

On chain data shows that the Whale institution, which sold 70000 ETH (worth 223 million US dollars) at an average price of 3188 US dollars five days ago, resumed buying ETH today after profiting $24.48 million from short selling ETH. Five hours ago, the institution transferred $153 million in USDT to Binance and withdrew 57725 ETH (worth $162 million), with an average transaction price of $2820. At present, the institution holds 432000 ETH (worth 1.24 billion US dollars) with an average holding price of 3332 US dollars and a floating loss of approximately 200 million US dollars. (Ashes)