PANews reported on July 16 that according to on-chain analyst Yu Jin's analysis, Trend Research has transferred 48,900 ETH (worth $150 million) to Binance for selling today, at an average price of around $3,083. They have repaid approximately 67 million USDT loans on Aave, with remaining loans of $207 million. Currently, they still hold about 133,000 ETH (worth $423 million). If they want to fully repay their loans and remove all leverage, as mentioned by Boss Yi's goal of completely holding spot assets, they would need to sell approximately 40,000 ETH (worth $120 million). This means they will ultimately have around 94,000 ETH in spot assets (without leverage).
Analysis: Trend Research: If all ETH leverage is removed, approximately 40,000 ETH will need to be sold
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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