Trend Research has executed a significant market maneuver by depositing 17,289 ETH, valued at approximately $53 million, into a centralized exchange.
This move is described as a strategic component of the firm’s approach to capitalize on the current bull market phase. The firm has achieved substantial unrealized gains on its larger leveraged position.
Previously, Trend Research employed 2x leverage, borrowing roughly $270 million from the Aave protocol to acquire Ether. This strategy led to an accumulation of 182,000 ETH at an average cost of approximately $2,250 per ETH.
With ETH currently trading at $3,127, this leveraged position has generated an unrealized profit of approximately $160 million. These results highlight the firm’s utilization of leverage to amplify returns during cryptocurrency market volatility.