Trend Research transferred 17,289 ETH to Binance, starting to take profits and reduce leverage

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]