Foresight News reports that according to Ember Monitoring, Trend Research, a secondary investment institution under JackYi, continued to buy 46,379 ETH (approximately 137 million USD) today through leveraged borrowing. The institution began accumulating ETH at the beginning of November when the price was about 3,400 USD, and has now purchased approximately 580,000 ETH (about 1.72 billion USD) in total, with an average cost price likely around 3,208 USD, currently in a floating loss of about 141 million USD. During the purchase process, they borrowed a total of 887 million USDT from Aave, which is almost double leverage. Their address should be the same one we discussed several times before, "Shorting ETH to profit 24.48 million before switching to long on whales/institutions," because today a known address of Trend Research used this institution's commonly used Binance deposit address recently.
Ember: "Shorting ETH to profit 24.48 million before switching to long on whales/institutions" may be Trend Research address
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ETH
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