A whale bought the dip with 191,477 ETH at an average price of $3,335, currently holding an unrealized profit of $47.87 million.

According to a report by Jinse Finance, on-chain analyst Yujin has monitored that a whale/institution, after making a profit of $24.48 million from shorting ETH, has switched to going long. After profiting from the ETH short, they bottom-fished 191,477 ETH ($638 million) at a price of $3,335 on November 5, and are now sitting on an unrealized profit of $47.87 million. They have not stopped buying and have even started leveraging: 7 hours ago, they borrowed 100 million USDT from Aave, transferred it to an exchange, and then withdrew 44,288 ETH ($156 million). Over the past week, they have purchased a total of 235,765 ETH ($795 million) at an average price of $3,372.