According to monitoring by @EmberCN, as the price of ETH strongly breaks through $3,100, Trend Research, a secondary investment institution under LD Capital, has begun to take profits by selling part of its ETH and has unwound leverage: transferring 17,289 ETH (approximately $52.84 million) to Binance, then withdrawing 19.11 million USDT to repay the previous loans used to purchase ETH.
LD Capital founder @Jackyi_ld stated, "During a bull market, it's a good time to borrow and leverage to hold spot while waiting for new opportunities."
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