Trend Research transferred 17,289 ETH to CEX 4 hours ago and withdrew 19.11 million USDT to repay the loan for purchasing ETH.

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[Trend Research transferred 17,289 ETH to CEX 4 hours ago and withdrew 19.11 million USDT to repay the loan for purchasing ETH] According to on-chain analyst Yu Jin's monitoring, as the ETH price strongly broke through 3,100 USD, the secondary investment institution Trend Research under Boss Jack Yi started to take profit by selling part of their ETH to reduce leverage: they transferred 17,289 ETH ( 5284 million USD ) to CEX 4 hours ago, and then withdrew 19.11 million USDT to repay the loan for previously purchasing ETH. They bought ETH with 2x leverage: borrowed about 270 million USD from Aave to purchase ETH. Their average cost of ETH is approximately 2,250 USD, and now with the ETH price at 3,127 USD, their 182,000 ETH floating profit has reached 160 million USD.

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