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BTC $76,203.66 +0.48%
ETH $2,357.01 -0.16%
BNB $633.72 +0.05%
XRP $1.43 -0.99%
SOL $86.79 -1.73%
TRX $0.3279 +1.21%
DOGE $0.0958 -3.16%
ADA $0.2514 -2.59%
BCH $445.16 -1.17%
LINK $9.40 -1.46%
HYPE $44.16 +0.96%
AAVE $111.39 -4.21%
SUI $0.9640 -3.66%
XLM $0.1694 +0.11%
ZEC $321.97 -3.26%

Trend Research deposited 17,289 ETH into CEX, worth nearly 53 million USD

2025-07-16 07:52:57
Collection

ChainCatcher message, according to @EmberCN monitoring, as the ETH price strongly breaks through $3,100, LD Capital's secondary investment institution Trend Research has begun to take profits by selling part of their ETH and has unwound leverage:

They transferred 17,289 ETH (approximately $52.84 million) to Binance 4 hours ago, and then withdrew 19.11 million USDT to repay the loans taken to purchase ETH.

"Trend Research bought ETH with 2x leverage: they borrowed about $270 million from Aave to acquire ETH. Their comprehensive cost for ETH is approximately $2,250, and now with the ETH price at $3,127, their 182,000 ETH unrealized gains have reached $160 million. They have started to unwind leverage and take some profits."

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