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Institutional Move: Over 6 million ETH holdings suddenly increase, with the cost basis stable at $3,146
【ChainWen】Trend Research, a research institution under Yilihua, has taken new actions in the past hour. On-chain data shows that the institution withdrew 20,850 ETH from Binance, worth approximately $63.28 million USD. The actions didn’t stop there; they subsequently staked ETH through a wallet address and lent out 40 million USDT. This series of operations suggests that the institution may be planning to continue increasing its holdings.
According to monitoring data, Trend Research currently holds a total of 600,850 ETH across five addresses, with a total market value of $1.82 billion. Reviewing the previously disclosed cost data, the entry price for the 580,000 ETH held by the institution was about $3,150 USD. After this round of operations, the overall average cost has been optimized to around $3,146 USD.
This continuous accumulation pace indicates that large institutions remain optimistic about the long-term prospects of ETH at the current price levels. Both in terms of holdings scale and cost control, this institution’s strategy is worth paying attention to.
Borrowing 40 million USDT to continue stacking, are they determined to push the price higher?
The cost basis at 3146... they've already pushed the cost down to the floor. We retail investors are really just footstools for them.
Staking is also ongoing, and the long-term bullish stance is very obvious.
If they keep adding positions, and a rally comes later, we might not be able to keep up with the pace.