PANews reported on February 1st that, according to on-chain analyst Yu Jin, Trend Research withdrew 109.1 million USDT from Binance to repay loans on-chain after the ETH price drop early this morning. This reduced their leveraged ETH purchases from $1.12 billion to $1.01 billion, lowering the leverage ratio from 2.4x to 2.2x. They currently hold a total of 651,500 ETH (approximately $1.83 billion).