According to on-chain analyst Ai Yi (@ai 9684xtpa), Trend Research deposited 1165 ETH worth 3.66 million USD to Binance 15 minutes ago. In the past 12 hours, the institution has transferred a total of 23453.4 ETH to the exchange, with a total value of 72.2 million USD. Founder Jackyi stated that this move is to "borrow leverage during the bull market FOMO and hold spot for new opportunities".