Trend Research's buying pressure is sustainable or a ticking time bomb? 💣
Over the past 24 hours, there has been information circulating about Trend Research announcing they will use $1 billion to buy $ETH, and indeed, from the announcement until now, they have been doing so very quickly and somewhat hastily.
They buy $ETH on #Binance, withdraw it to their wallet, then transfer $ETH into a Lending Gateway (collateralized), then they borrow stablecoins and transfer them to the exchange in a loop like that.
Simply put: They buy $ETH => Transfer to AAVE => Borrow stablecoin => Transfer to exchange => Buy $ETH => Transfer to AAVE.
During the process of observing all the data from Trend Research, 52Hz collected 10 active wallet addresses with a total asset value of up to $1.7 billion. Of these, 6 wallet addresses participated in L&B.
Unlike Bitmine, Trend Research is taking a much riskier path, as they could face liquidation at any time in the current liquidation market.
If you're interested in this case, don't forget to leave a reaction to anticipate Part 2! ❤️