Data: Trend Research extracted 30 million USDT from Binance to repay loans on-chain

According to on-chain analyst Yu Jin's monitoring, as ETH declines, Trend Research has withdrawn 30 million USDT from Binance back to the chain to repay loans, indicating that they currently have no plans to continue buying. They now hold a total of 651,300 ETH (1.85 billion USD), with an average cost of approximately 3,180 USD. Currently, they are facing an unrealized loss of about 215 million USD.

Their loans on Aave amount to 1.03 billion USDT, with an overall leverage of about 2.2 times.