Data: Trend Research borrowed 30 million USDT from Aave and transferred it to Binance

According to on-chain analyst Yu Jin's monitoring, after the ETH price fell below its cost line, Trend Research borrowed 30,000,000 USDT from Aave today and transferred it to Binance.

The institution has been buying ETH through leveraged lending since last year and currently holds 626,000 ETH, worth 1.94 billion dollars, with an average cost price of about 3,186 dollars, currently facing an unrealized loss of about 50 million dollars. The amount borrowed from Aave by the institution is 1 billion USDT, with a leverage ratio of 2 times.