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BTC $68,977.60 +3.66%
ETH $2,030.08 +3.14%
BNB $637.28 +2.52%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $445.51 -0.75%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

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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