"Trend Research transfers 10,000 Ethereum to Binance…raising possible sell-off"

JOON HYOUNG LEE

Summary

Trend Research reportedly deposited 10,000 Ethereum (about $24 million) into Binance, raising the possibility of selling.
Trend Research reportedly used a loan of 274 million Tether from Aave (AAVE) to buy 600,000 Ethereum over the past three months.
BlockBeats said liquidation could be triggered if Ethereum falls to $1,558, and LD Capital said it maintains a principle of buying more Ethereum when prices decline.

Forecast Trend Report by Period

Trend Research, an affiliate of crypto investment firm LD Capital, has transferred a large amount of Ethereum to global cryptocurrency exchange Binance.

According to Onchain Lens on the 1st (local time), Trend Research recently deposited 10,000 Ethereum into Binance. At current prices, it is worth $24 million (about KRW 35 billion). Onchain Lens said, "Trend Research may sell (the Ethereum) to repay loans."

Earlier, LD Capital began stepping up its Ethereum stockpiling in November last year via Trend Research. Over the past three months, Trend Research has purchased more than 600,000 Ethereum.

The issue is the debt Trend Research raised to build its Ethereum reserves. BlockBeats reported, "Trend Research borrowed about 274 million Tether on Aave (AAVE)," adding, "liquidation of the loan position may be triggered only if Ethereum falls to $1,558."

LD Capital has still left room for additional Ethereum purchases. Jack Yi, founder of LD Capital, recently wrote on X that "our trading principle is to accumulate more Ethereum through various strategies when prices fall," adding that "funds have recently moved into gold and silver as safe-haven assets, but there will clearly be profit-taking and a return of funds."

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