BlockBeats News, December 24th, according to on-chain analyst Yu Jin, a secondary investment institution under Yihuihua, Trend Research, continued to increase its holdings today by borrowing and leveraging to acquire 46,379 ETH worth approximately $137 million.Trend Research started accumulating ETH from early November when the price was $3400. As of now, it has purchased a total of about 580,000 ETH, worth approximately $1.72 billion. The average cost is around $3,208, and the current position is estimated to have an unrealized loss of about $141 million.Trend Research had previously used leverage to buy ETH, borrowing a total of $887 million USDT from Aave, with a leverage ratio of about 2x.

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