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 remove leverage: transferring 17,289 $ETH (approximately $52.84 million) to Binance, and then withdrawing 19.11 million $USDT to repay the previous loan for purchasing ETH.

LD Capital founder @Jackyi_ld stated, "Borrowing leverage to hold spot goods and wait for new opportunities during the bull market FOMO."