According to Wu, @EmberCN has monitored that Trend Research today continued to buy 46,379 ETH through borrowing leverage, worth 137 million USD. The institution started to buy the dip on ETH at 3,400 in early November and has now purchased a total of 580,000 ETH, worth 1.72 billion USD, with an average cost possibly around 3,208, currently facing unrealized losses of 141 million USD. In addition, Trend Research has used borrowing leverage to purchase these ETH, borrowing a total of 887 million USDT from Aave. This is nearly double the leverage.
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According to Wu, @EmberCN has monitored that Trend Research today continued to buy 46,379 ETH through borrowing leverage, worth 137 million USD. The institution started to buy the dip on ETH at 3,400 in early November and has now purchased a total of 580,000 ETH, worth 1.72 billion USD, with an average cost possibly around 3,208, currently facing unrealized losses of 141 million USD. In addition, Trend Research has used borrowing leverage to purchase these ETH, borrowing a total of 887 million USDT from Aave. This is nearly double the leverage.