ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, as ETH declines, Trend Research has withdrawn 30 million USDT from Binance to repay loans, and it seems they do not have plans to continue buying for the time being. They currently hold a total of 651,300 ETH (1.85 billion USD), with an average cost of about 3180 USD. Currently, they are facing an unrealized loss of about 215 million USD.

Their loan on Aave is 1.03 billion USDT, with a combined leverage of about 2.2 times.