According to ChainCatcher, as monitored by Ember, Trend Research, a secondary investment firm under Jackyi_ld, purchased 46,379 ETH using leverage, worth $137 million. The firm began buy the dips ETH in early November when it was around $3,400, and currently holds a total of 580,000 ETH, worth $1.72 billion, with an average cost of approximately $3,208. The firm is currently experiencing a paper loss of $141 million.
Trend Research used leveraged borrowing to purchase the aforementioned assets, accumulating 887 million USDT in loans from Aave, representing a leverage ratio of approximately 2x. The firm had previously profited $24.48 million by shorting ETH.
