A well-known investment firm's research institution continued to increase its ETH holdings today. During the midday session, it bought an additional 20,850 ETH at a transaction price of approximately $63.28 million. Immediately afterward, it borrowed 40 million USDT from the Aave protocol, with the funds directly transferred into a leading exchange account—this series of actions clearly reveals its ongoing leveraged long position.

According to on-chain data tracking, the institution's current leveraged position through borrowing has reached a total of 601,076 ETH, with a market value of about $1.82 billion. Based on the pace of accumulation and the scale of financing, this building-up cycle is still ongoing. The flow of funds between DeFi lending and spot exchanges often indicates a clear institutional judgment on the medium-term market trend. ETH's recent continuous movements warrant ongoing observation by market participants.