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ETH

Trend Research Takes Profit as ETH Surges Past $3,100 and Leverage Reduction

Trend Research sold a portion of ETH holdings to reduce leverage after ETH's price surged past $3,100. Four hours ago, they transferred 17,289 ETH valued at approximately $53.28 million to Binance and used USDT to repay loans incurred for the ETH purchase. The ETH was acquired with about 2x leverage via borrowing roughly $270 million on Aave, with an average cost basis of around $2,250 per ETH. Currently, with ETH trading at $3,127, the unrealized profit on their 182,000 ETH stands at about $160 million.
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AI Analysis

The recent activity by Trend Research indicates a strategic move to lock in gains amid ETH's bullish momentum. The decision to sell a portion of ETH after the price crossed $3,100 suggests that the fi...

AI Recommendation

Investors should interpret Trend Research's activity as a sign of confidence in ETH's ongoing bullish momentum, but also a cautious approach to locking in gains. For those holding ETH, it might be pru...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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