Trend Research withdrew 6,748 ETH from Binance and deposited it into AAVE as collateral, raising its total holdings to 607,598 ETH, worth approximately $1.77 billion.
on-chain trading data shows ETH accumulation activity over the past 7 hours, along with information on Medium Capital basis and estimated losses, indicating continued volatility pressure with significant positions held.
- Withdraw 6,748 ETH from Binance and deposit it into AAVE as collateral.
- I accumulated 27,598 ETH in 7 hours, bringing my total holdings to 607,598 ETH.
- Capital price of ETH is $3,111, estimated loss is approximately $117 million.
Cash flow: Binance → AAVE
on-chain data shows that Trend Research recently withdrew 6,748 ETH (approximately $19.77 million) from Binance and deposited it into AAVE as collateral.
The transaction occurred approximately 5 minutes before the recording time on December 29th. Transferring ETH to AAVE for collateral typically involves borrowing needs, Capital optimization, or establishing leverage strategies, depending on the institution's position structure.
Accumulated over 7 hours, position at 607,598 ETH and PnL
In the last 7 hours, Trend Research accumulated an additional 27,598 ETH, bringing its total holdings to 607,598 ETH, equivalent to approximately $1.77 billion.
The Medium entry price was recorded at approximately $3,111 USD/ ETH. Given the current price fluctuations at the time of this analysis, the position is showing a book loss of approximately $117 million USD.
