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Trend Research, under Yili Hua, increased its holdings by 46,379 ETH, worth $137 million.
On December 24, according to on-chain analyst Yu Jin's monitoring, the secondary investment institution Trend Research, under Yi Li Hua, continued to increase its holdings by 46,379 ETH today through borrowing leverage, worth approximately 137 million USD. Trend Research began to buy the dip of ETH in early November when the price was 3,400 USD. So far, it has purchased about 580,000 ETH in total, with a total value of approximately 1.72 billion USD, an average cost price of about 3,208 USD, and the current position is expected to have unrealized losses of about 141 million USD. Trend Research has used borrowing leverage to purchase ETH, borrowing a total of 887 million USDT from Aave, with a leverage ratio of about 2 times.