PANews reported on January 20 that, according to on-chain analyst Yu Jin, after ETH fell back below the cost line of Trend Research, a secondary investment institution under Jackyi Yi, Trend Research borrowed 30 million USDT from Aave and transferred them to Binance today.

They began buying ETH again using leveraged borrowing in November of last year, and currently hold 626,000 ETH (US$1.94 billion), with an average cost of approximately US$3,186. They are currently experiencing a paper loss of approximately US$50 million.

◎They borrowed 1 billion USDT on Aave, which is a leverage of 2x.