Trend Research under Yi Lihua has transferred a cumulative total of 216,000 ETH to Binance today

Odaily News According to on-chain analyst Yu Jin's monitoring, Trend Research under Yi Lihua has transferred a cumulative total of 216,000 ETH (worth $411 million) to Binance today. They have now reduced their holdings by two-thirds of the 651,500 ETH purchased at an average price of $3,180: since the 1st, they have sold a total of 404,600 ETH at an average price of $2,071. Currently, they still hold 247,000 ETH (worth $476 million) on-chain along with a loan of 321 million USDT. To completely unwind the leverage, it is estimated that they would need to sell about half of this remaining portion. After deleveraging, they could still retain over a hundred thousand spot ETH.