Trend research playing big All in 1.7 billion USD into ETH but currently losing a significant 141 million USD.
Although it previously made a significant profit from Short, the Trend Research organization is currently facing a stranded whale with a massive Long leveraged position.
🐳 Buy an additional 137 million USD
This organization has continued to use leverage to buy an additional 46,379 ETH worth 137 million USD.
💰 Huge position
In total, Trend Research holds 580,000 ETH, raising the total asset value to 1.72 billion USD.
Entry around 3,208 USD starting to buy from the 3,400 USD range at the beginning of November.
Currently facing a Floating loss of 141 million USD.
⚙️ Leverage on Aave
To carry out this accumulation campaign, they borrowed a total of 887 million USDT from the Aave platform, corresponding to a leverage level of about 2x.
🔄 Winning history
Before switching to Long, this organization was a seasoned Short trader, earning 24.48 million USD in profit from short selling ETH.
How much more will this whale lose?
This article is for reference only and is not investment advice. Please read and consider carefully before making a decision.
