According to on-chain data monitoring, a major investment firm Trend Research borrowed 10 million USDT from the Aave protocol about 5 minutes ago and subsequently deposited the funds into a leading exchange. Based on the operation sequence, this fund is very likely used to add to ETH positions.
It is understood that Trend Research currently holds a total of 626,778.65 ETH, with a total market value of approximately $1.94 billion at the current price. Notably, the average holding cost for this institution is $3,105.5 per ETH, with an unrealized profit of about $53.52 million. From this perspective, the new USDT borrowing may indicate that the institution remains optimistic about Ethereum's future performance at the current price level.
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Blockwatcher9000
· 5h ago
Large institutions are starting to borrow money to buy ETH again. Is this a frantic bottom-fishing or are they planning to escape?
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BearMarketGardener
· 5h ago
Large institutions are still increasing their ETH holdings. It seems this wave might really have a chance.
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TokenRationEater
· 5h ago
Large institutions are still hoarding ETH crazily. What does this imply?
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ShadowStaker
· 6h ago
honestly the math checks out but borrowing usdt just to chase eth at these levels? feels like panic accumulation dressed up as conviction. that 3105 cost basis is ancient history anyway... what's the real liquidation price looking like here? 🤔
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just_another_fish
· 6h ago
Big institutions are still willing to add positions at this price level, I'm honestly a bit panicked haha
According to on-chain data monitoring, a major investment firm Trend Research borrowed 10 million USDT from the Aave protocol about 5 minutes ago and subsequently deposited the funds into a leading exchange. Based on the operation sequence, this fund is very likely used to add to ETH positions.
It is understood that Trend Research currently holds a total of 626,778.65 ETH, with a total market value of approximately $1.94 billion at the current price. Notably, the average holding cost for this institution is $3,105.5 per ETH, with an unrealized profit of about $53.52 million. From this perspective, the new USDT borrowing may indicate that the institution remains optimistic about Ethereum's future performance at the current price level.