Trend Research deposited 17,289 ETH to CEX, worth nearly $53.00 million
Powered by ChatGPTOn July 16, according to @EmberCN monitoring, as the $ETH price strongly broke through $3,100, Trend Research, a secondary investment institution under LD Capital, began to take profits and sell some $ETH to unwind leverage:
Four hours ago, they transferred 17,289 $ETH (approximately $52.84 million) to Binance, and then withdrew 19.11 million $USDT to repay the previous loan for purchasing ETH.
"Trend Research's $ETH purchase had 2x leverage: they borrowed approximately $270.00 million from Aave to purchase ETH. Their comprehensive cost for $ETH is approximately $2,250, and now that the $ETH price has reached $3,127, their 182,000 $ETH have a floating profit of up to $160.00 million. They are starting to unwind leverage and take profits to secure some gains."