Trend Research borrowed 30 million USDT from Aave and transferred it to Binance, with an overall leverage of about 2x

BlockBeats News, January 20th, according to EmberCN monitoring, Trend Research today borrowed another 30 million USDT from Aave and transferred it to Binance.

· The institution has been dollar-cost averaging into ETH through leverage since November last year, currently holding 626,000 ETH (worth about $1.94 billion) with an average cost of around $3,186. The current unrealized loss is about $50 million.
· The institution's borrowing on Aave is 1 billion USDT, totaling approximately 2x leverage.