2026-01-20 03:33:44

On-chain data shows that the well-known institutional holder Trend Research borrowed 10 million USDT from a lending protocol about 5 minutes ago and immediately deposited the funds into a major exchange. Based on trading behavior, it is highly likely that the institution is continuing to increase its ETH position.

As of the monitoring time, Trend Research's ETH holdings are quite substantial—totaling 626,778.65 ETH, with a total value of approximately $1.94 billion. The average cost basis for this institution is about $3,105.5 per ETH, with an unrealized profit of around $53.52 million. The inflow of this new capital into the exchange could push its ETH holdings to a new high. For market participants, such whale movements are worth close attention.

ETH-6,76%

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ReverseFOMOguy

· 16h ago

Here it comes again. Every time the big whale moves, I want to reverse my position. Trend Research's recent moves are a bit too obvious; it feels like they've been fully exposed. Haha, over 6.26 million ETH, with unrealized gains of over 50 million. Now that's what you call lying flat and winning. With this whale's movements... should I run or should I dive in? Oh my, borrowing 10 million U to continue buying ETH. Is he really optimistic or just trying to push the price up to dump? The key is his cost is only around 3,100. If we buy in now, aren't we just asking to get killed? Big players' moves are never missed, but this time it feels like they've been repeatedly cut. Over 6.26 million ETH, this guy is truly a big shark. Honestly, this amount of money probably isn't just for buying ETH on the exchange. Another whale revealing itself. Is the market about to change?

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GateUser-74b10196

· 16h ago

Still patching things up, can we buy the dip this time?

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GasFeeCrier

· 16h ago

Damn, it's these institutions again accumulating, retail investors are still selling off.

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PancakeFlippa

· 17h ago

Still on a buying spree, these institutions really don’t treat money as money Trend Research causing trouble again? With unrealized gains of over 50 million, they still want to keep buying. Should I learn from them or run? It's hard to say what the big players are up to, but this pace is a bit aggressive. But since they dare to do this... 6.26 million ETH, I might as well pretend I didn’t see it. The pressure is mounting. Is this pace to pump the market? Or is another wave coming? It's the same old story, on-chain data analysis and various insights. Instead of studying big players, it’s better to focus on your own stop-loss. Trend Research’s moves are indeed aggressive, but I only care about the upcoming direction.

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