According to @EmberCN, as ETH reached $3,200, it moved above the average entries of two large leveraged buyers—Hyperliquid whale at $3,147 and Trend Research at ~$3,186—flipping their ETH legs from unrealized loss to profit. source: https://x.com/EmberCN/status/2008010226881225172 The Hyperliquid whale holds 203,000 ETH longs worth about $647M with a $3,147 average entry. source: https://legacy.hyperdash.com/zh-CN/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae The position’s unrealized PnL shifted from a prior maximum loss of about $74M to roughly $14M in profit after the rebound. source: https://x.com/EmberCN/status/2008010226881225172 Trend Research accumulated 626,000 ETH via Aave leverage at an average near $3,186, totaling about $2.0B. source: https://intel.arkm.com/explorer/entity/16090b03-b744-484a-8a6d-b1c62b21fd95 Its ETH book moved from a peak unrealized loss of ~$141M to about $8.77M in profit as price reclaimed cost basis. source: https://x.com/EmberCN/status/2008010226881225172 Earlier, the Hyperliquid whale added 210,000 SOL longs (~$25.2M) after a week of inactivity. source: https://x.com/EmberCN/status/2004351746232156624 At that time, the account’s total leveraged longs were about $740M with a net unrealized loss of ~$58.96M, including 203,000 ETH longs (entry $3,147, liquidation $2,150), 1,000 BTC longs (entry $91,506), and 511,000 SOL longs (entry $130.1). source: https://hyperbot.network/trader/0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae

According to @ai_9684xtpa, an ETH whale withdrew 3,365.5 ETH (about $10.2M) from Bybit and OKX 7 hours ago, after accumulating 30,210 ETH between Dec 5–12 at an average price of $3,167 for a total of $95.67M, based on the linked Arkham entity; source: @ai_9684xtpa. According to @ai_9684xtpa, the primary wallet 0xce9…57c69 has 29,103.1 ETH staked across Spark and Aave and has borrowed 41.12M USDT, consistent with a leveraged loop-long setup; source: @ai_9684xtpa. According to @ai_9684xtpa, an additional update notes that during Dec 5–15 the entity withdrew 21,850.15 ETH at a $3,231 average, with an unrealized loss of $6.246M, and the latest transfer was 2,000 ETH (~$5.84M) 6 hours ago; source: @ai_9684xtpa. According to @ai_9684xtpa, the holdings are spread across 5 wallets, with wallet 0xce9…57c69 showing 18,706.9 ETH as collateral, $31.34M USDT debt, and a health factor of 1.41 on Aave/Spark, indicating ongoing leveraged positioning that traders may track for potential on-chain risk signals; source: @ai_9684xtpa.

According to @EmberCN, two newly flagged wallets attributed to Trend Research withdrew 34,000 ETH from Binance on Sep 4 and deposited the funds into Aave; wallet identifiers: 0xbb101B9Ac239851842e9758266de36D47B790308 and 0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b, source: @EmberCN on X and ARKM Intel. In the last 30 minutes, these wallets borrowed 80 million USDT from Aave, sent it to Binance, and withdrew 9,377 ETH, bringing their combined holdings to 43,377 ETH valued around 192 million USD; valuation and flow details from @EmberCN on X, with wallet balances visible on ARKM Intel. The USDT deposits to Binance used a deposit address previously employed by Trend Research, linking the activity to the firm, source: @EmberCN on X. Historical positioning shows Trend Research accumulated 182,000 ETH around 2,250 USD during April–June, trimmed 74,000 ETH after ETH broke 3,000 USD in July to reduce leverage, and continued holding 108,000 ETH, source: @EmberCN on X. Price context cited by @EmberCN references @Jackyi_ld stating 4,100–4,300 USD as a buy-the-dip zone, which @EmberCN suggests aligns with renewed purchases, source: @EmberCN on X. Traders can monitor the two ARKM Intel addresses and Aave borrow activity for subsequent Binance withdrawals to gauge near-term ETH liquidity changes, source: ARKM Intel and @EmberCN on X.

According to @debank, a major ETH whale who previously shorted 4,000 ETH and lost $30,000 has now switched strategy by buying 7,289 ETH, depositing into Aave, borrowing 5 million USDC, and then purchasing an additional 2,762 ETH at $1,811.66 within the past 10 minutes. This wallet (0xd882...) demonstrates active accumulation and leveraged long positioning, providing real-time signals for ETH traders to monitor whale-driven liquidity and potential upward price momentum (source: debank.com/profile/0xd882).

According to Ai 姨, a trader has aggressively longed Bitcoin from $84,540 to $93,183 using Aave leverage, with a position worth $23.79 million at an average entry of $88,327. The address 0x931...3c721 has leveraged 256.23 WBTC to borrow 16.47 million USDT. The liquidation price is set at $82,437, posing a significant risk if the market dips.