Trend Research withdrew 20,850 ETH from Binance about 1 hour ago, with a current cost of approximately $3,146

According to on-chain analyst Ai Yi (@ai 9684xtpa), Trend Research, an institution under Yi Li Hua, has once again withdrawn 20,850 ETH from Binance, worth $63.28 million, and subsequently staked the ETH through address 0x8FD…97f43 to borrow 40 million USDT, which may indicate further accumulation.

As of now, the institution's five addresses have accumulated a total of 600,850 ETH, with a total value of $1.82 billion; according to data provided by Yi Li Hua, the previous cost for 580,000 ETH was approximately $3,150, making the average cost after this accumulation about $3,146.