Trend Research Adds $109.1M in Collateral, Cuts Leverage to 2.2x

On February 1, Trend Research withdrew 109.1 million USDT from Binance to repay on-chain debts after a drop in ETH prices, according to EmberCN monitoring.

This move reduced their borrowing for leveraged ETH purchases from $1.12 billion to $1.01 billion, lowering the leverage ratio from 2.4x to 2.2x.

They currently hold 651,500 ETH, with an estimated value of around $1.83 billion at current market prices.