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On December 24, according to on-chain analyst Yu Jin's monitoring, the secondary investment institution Trend Research under Yili Hua continued to increase its holdings by 46,379 ETH, worth approximately 137 million dollars, through borrowing leverage today.
Trend Research started buying ETH at the beginning of November when the price was $3,400. So far, approximately 580,000 ETH have been purchased, with a total value of about $1.72 billion. The average cost price is around $3,208, and the current position is expected to have an unrealized loss of about $141 million.
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.