Analysis: If Trend Research unloads all leverage on ETH, it will probably need to sell about 40,000 ETH

On July 16, according to the analysis of on-chain analyst Yu Jin, Trend Research transferred 48,900 $ETH (US$150 million) to Binance today for reduction, with an average price of about US$3,083. They have repaid about 67 million $USDT loans on $Aave, and the remaining loans are still US$207 million. Now they still hold about 133,000 $ETH (US$423 million). If they want to pay off all the loans and remove all the leverage, and achieve what Mr. Yi said to hold all the spot, they will probably need to continue to sell about 40,000 $ETH (US$120 million). In other words, they will eventually have about 94,000 $ETH spot left (without leverage). [PANews]