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

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."