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! ❤️
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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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