Trend Research transferred 17,289 ETH to Binance 4 hours ago to start taking partial profits.

On July 16, according to analyst Ember Monitoring, 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, and began to partially take profits to reduce leverage. Previously, the institution borrowed approximately $270 million from Aave with approximately 2x leverage to purchase $ETH, with an average cost of approximately $2,250. The 182,000 $ETH currently held has realized a floating profit of approximately $160.00 million. [TechFlow]