Trend Research Transfers 30,000 ETH to Binance Again, Needs to Sell 146,000 More to Deleverage

On-chain Activity: Trend Research Continues ETH Selling Spree

According to latest monitoring data from on-chain analyst Ai Auntie (@ai_9684xtpa), Trend Research transferred 30,000 ETH to Binance on February 6, valued at approximately $58.18 million at current prices.

This operation occurred just 3 hours after its previous sell-off, indicating the entity is actively deleveraging. Its current on-chain ETH holdings have dropped to 217,274, worth about $421 million.

Deleveraging Process Still Ongoing

Despite completing a significant round of selling, Trend Research still needs to offload 146,000 ETH to completely remove all leverage.

• Current on-chain holdings: 217,274 ETH
• Pending sell amount: 146,000 ETH
• Value of this round transfer: ~$58.18 million

Market analysts noted that such large-scale capital movement might impact ETH's short-term price trajectory, especially in the current market environment with heightened sensitivity.