Trend Research has purchased an additional 46,379 ETH with leverage, worth approximately 137 million USD, bringing the total accumulation to about 580,000 ETH since the beginning of November.
The transaction was recorded on 24/12 according to Yu Jin. The purchase occurred after the company accumulated ETH when the price was around 3,400 USD, currently reporting an unrealized loss of approximately 141 million USD and borrowing 887 million USDT from Aave.
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Purchased an additional 46,379 ETH with leverage, approximately 137 million USD.
Total holdings of about 580,000 ETH, with capital of about 1.72 billion USD.
Borrowed 887 million USDT from Aave, leverage close to 2; unrealized loss of 141 million USD.
ETH purchase scale and cost price
Trend Research has accumulated about 580,000 ETH since early November, with total investment of approximately 1.72 billion USD and an estimated average cost price of 3,208 USD.
In the latest transaction on 24/12, the company bought an additional 46,379 ETH using leverage, equivalent to about 137 million USD. The accumulation phase is described as starting when ETH was around 3,400 USD.
At an average holding price of 3,208 USD, the current position shows an unrealized loss of about 141 million USD. These figures reflect the risk of ETH price volatility when using high leverage.
Loan on Aave and whale wallet signs
The related address has borrowed a total of 887 million USDT from Aave, with the leverage ratio described as close to 2.
The 887 million USDT loan indicates a strategy of using stablecoin as collateral/loan to scale up ETH purchases. With leverage close to 2, adverse price fluctuations can increase pressure on collateral asset management and liquidation risk.
This address is suspected to be the same whale that made a profit of 24.48 million USD from short selling ETH before switching to open a long position, indicating a potential change in strategy according to cryptocurrency market cycles.
Source: https://tintucbitcoin.com/trend-research-mua-46-000-eth-nam-580-000-eth/
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