TechFlow news, on July 16, according to monitoring by analyst Yujin, as ETH broke above $3,100, Trend Research, a secondary investment firm under Jack Yi, transferred 17,289 ETH (approximately $52.84 million) to Binance four hours ago and withdrew 19.11 million USDT to repay loans taken during the purchase, beginning partial profit-taking to reduce leverage. Previously, the firm had borrowed approximately $270 million via Aave at around 2x leverage to buy ETH at an average cost of about $2,250. Its current holdings of 182,000 ETH have realized floating profits of approximately $160 million.
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