Data: Trend Research has borrowed 46,379 ETH, currently holding a total of 580,000 ETH with an unrealized loss of 141 million USD

According to Ember Monitoring, the secondary investment institution Trend Research under Jackyi_ld has purchased 46,379 ETH using borrowed leverage, worth $137 million. The institution began accumulating when ETH was at $3,400 in early November and currently holds a total of 580,000 ETH, valued at $1.72 billion, with an average cost of approximately $3,208, resulting in an unrealized loss of $141 million.

Trend Research used borrowed leverage to acquire the aforementioned assets, cumulatively borrowing 887 million USDT from Aave, with a leverage ratio of about 2 times. The institution previously profited $24.48 million by shorting ETH.