Trend Research borrowed to buy 46,379 ETH, and currently holds a total of 580,000 ETH with a paper loss of $141 million.
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according to Ember Monitoring, Trend Research, a secondary investment institution under Jackyi_ld, bought 46,379 ETH through leveraged lending, worth 137 million USD. The institution started bottom-fishing in early November when ETH was at 3,400 USD, currently holding a total of 580,000 ETH, valued at 1.72 billion USD, with an average cost price of about 3,208 USD, currently floating a loss of 141 million USD.Trend Research used leveraged lending to purchase the above assets, borrowing a total of 887 million USDT from Aave, with a leverage ratio of about 2 times. The institution previously profited 24.48 million USD by shorting ETH.
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