Trend Research’s 182,000 ETH Position Yields $160M Unrealized Profit Amid Bull Market Leverage Strategy

On July 16, LD Capital founder JackYi addressed the recent transaction involving Trend Research’s deposit of 17,289 ETH into a centralized exchange (CEX), valued at nearly $53 million. JackYi clarified that this move was part of a strategic approach during the bull market’s FOMO phase, where leverage was utilized to sustain spot positions while anticipating favorable market conditions. Previously, Trend Research employed a 2x leverage strategy by borrowing approximately $270 million from Aave to acquire ETH, resulting in a total holding of 182,000 ETH with an average cost basis near $2,250 per ETH. With the current ETH price at $3,127, this position reflects an unrealized gain approaching $160 million, highlighting the effective use of leveraged capital in maximizing returns within the volatile cryptocurrency market.