**Attention on Institutional Ethereum Buying Trend: Trend Research's Aggressive Entry**

A notable movement captured through on-chain analysis data is gaining industry attention. An institution called Trend Research has started substantial Ethereum purchases since November, emerging as a major player in the market.

**Current Status: 645,000 ETH Secured, Third Largest Institution**

Currently, Trend Research holds approximately 645,000 ETH, valued at around $2.1 billion. This is a significant amount following the existing large institutions, with an average purchase price of $3,299.43. However, at present, they are holding an unrealized loss of approximately $242 million.

**Implications of the $1 Billion Additional Purchase Plan**

What’s noteworthy is that Trend Research is planning to purchase an additional $1 billion worth of ETH. If this plan is executed, their holdings could approach 1 million ETH, potentially reshaping the current market structure significantly. In this case, Trend Research is expected to move to a very high position in the institutional holdings ranking.

**Analysis of the Highly Concentrated Buying Pattern**

An interesting point is Trend Research’s buying behavior. Over 88% of the total purchases are concentrated in November, distributed through at least 7 major addresses. This pattern demonstrates typical characteristics of planned large-scale institutional buying.

**Next Moves to Watch for Market Attention**

The progress of their additional purchase plans will likely be a key focus. Capital movements by institutions can influence market sentiment and price discovery mechanisms beyond simple position selling. Ethereum market participants should closely monitor these institutional flows.