Yujin: "After profiting 24.48 million from shorting ETH, the whale/institution has switched to going long"—possibly a Trend Research address
Foresight News reported, according to Ember monitoring, JackYi's secondary investment institution Trend Research continued to buy 46,379 ETH (approximately $137 million) today through leveraged lending. The institution began bottom-fishing ETH in early November when the price was around $3,400, and has now accumulated approximately 580,000 ETH (about $1.72 billion), with an average cost likely around $3,208. Currently, they are in a floating loss of about $141 million. In the process of purchasing, they borrowed a total of 887 million USDT from Aave, which is roughly two times leverage. Their address should be the same "whale/institution that switched to long after making a profit of $24.48 million from shorting ETH" that we discussed several times before, because today a known Trend Research address used a deposit address from an exchange that this institution has frequently used recently.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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