PANews reported on July 16 that according to Ember, as the price of ETH broke through $3,100, @Trend_Research_, a secondary investment institution under Jackyi_ld, has begun to sell some ETH to unload leverage. Four hours ago, the institution transferred 17,289 ETH (about $52.84 million) to Binance and withdrew 19.11 million USDT to repay the loan for the previous purchase of ETH. It is reported that Trend Research previously borrowed about $270 million from Aave to buy ETH with 2x leverage, with a comprehensive cost of about $2,250. The current ETH price has risen to $3,127, and the 182,000 ETH held has realized a floating profit of about $160 million, and some of the profits have been taken.