Trend Research deposited 17,289 ETH into CEX, worth nearly $53 million.

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On July 16, according to @EmberCN's monitoring, as the ETH price strongly broke through 3,100 USD, Trend Research, a secondary investment institution under LD Capital, began to take profit by selling part of their ETH and has unwound leverage: four hours ago, they transferred 17,289 ETH ( worth about 52.84 million USD ) to CEX, and then withdrew 19.11 million USDT to repay the loan used to purchase ETH previously. "The ETH purchased by Trend Research was leveraged 2 times: they borrowed about 270 million USD from Aave to buy ETH. Their comprehensive cost for ETH is about 2,250 USD, and now with the ETH price at 3,127 USD, their unrealized gains of 182,000 ETH have reached as high as 160 million USD. They have started to unwind leverage and lock in profits partially."

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