Trend Research is indeed continuing to increase holdings and

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Trend Research is indeed continuing to increase holdings and lower average prices: Today, after transferring 30 million USDT to Binance, just now withdrew 9,939 ETH ($30 million) from Binance.
Then borrowed 20 million USDT from Aave to continue transferring to Binance, which means the buying is still ongoing.

Currently, they hold 636,000 ETH ($1.97 billion), with an average price of $3,183.

余烬Ember

After ETH fell below the cost line of Trend Research, a secondary investment institution under E Li Hua, Trend Research borrowed 30 million USDT from Aave today and transferred it to Binance.
Is this to continue buying ETH to lower the average price?

◎ They started re-entering ETH through leveraged borrowing since November last year and currently hold 626,000 ETH ($1.94 billion), with an average cost price of about $3,186. Currently, they have an unrealized loss of about $50 million.
◎ Their borrowing on Aave is 1 billion U, which is a 2x leverage.

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ETH+1.70%