Trend Research under Yi Lihua has cumulatively transferred 216,000 ETH to Binance today

Odaily News According to on-chain analyst Yu Jin's monitoring, Trend Research under Yi Lihua has cumulatively transferred 216,000 ETH (worth $411 million) to Binance today. They have now reduced their holdings of 651,500 ETH purchased at $3,180 by two-thirds: 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, they would likely need to sell a small portion of this. After deleveraging, they could still retain over a hundred thousand spot ETH.