Trend Research transferred 17,289 ETH to Binance, starting to take profits and reduce leverage
(Translated by AI)According to @EmberCN, as ETH broke through $3,100, Trend Research, a secondary investment institution under Jack Yi, transferred 17,289 ETH (approximately $52.84 million) to Binance 4 hours ago and withdrew 19.11 million USDT to repay the loan when purchasing the coins, starting to partially take profits to reduce leverage. Previously, the institution borrowed approximately $270.00 million in Aave with approximately 2x leverage to purchase ETH, with an average cost of approximately $2,250. Currently, the 182,000 ETH held has realized approximately $160.00 million in floating profits. [Wu Blockchain]
Source
Odaily:Analysis: Trend Research likely needs to continue selling approximately 40,000 ETH to deleverage.
BlockBeats:Trend Research has sold a total of 48,946 ETH today and still holds ETH worth $430 million.
ForesightNews:Trend Research sold 48,946 ETH in a single day, with total profits reaching $191,000,000.00
Odaily:Trend Research deposited 1,165 ETH to Binance 15 minutes ago, worth approximately $3.66 million.
Odaily:Trend Research deposited another 5,000 ETH to CEX, with a total of 22,289 ETH deposited today.
BlockBeats:Trend Research deposited another 5,000 ETH into CEX, with a cumulative deposit of 22,289 ETH today.
律动:Trend Research deposited another 5,000 ETH into CEX, with a cumulative deposit of 22,289 ETH today.
All You Need to Know in 10s