Trend Research Borrows $42M to Buy 9k ETH, Holdings Now 182k
Trend Research has boosted its Ethereum position, acquiring 9,001 ETH (~$22.7M) on June 20 by borrowing 42.1M USDT from Aave and executing the purchase on Binance. This increases its total holdings to approximately 182,000 ETH at an average cost of $2,250 per token, yielding an unrealized profit of about $32.6M. The move reflects disciplined, institution-level ETH accumulation strategy and growing confidence in Ethereum’s medium- to long-term upside. Traders should note the firm’s use of Aave borrowing as a leverage strategy and consider the potential market support from such large-scale ETH accumulation. Analysts also point to historical ETH outperformance over BTC during sustained bull markets.
Bullish
The large-scale ETH accumulation by Trend Research via a $42M Aave loan signals strong institutional confidence, likely providing immediate buying support in the spot market and dampening downside risk in the short term. In the medium to long term, disciplined accumulation at an average cost of $2,250 and historical ETH outperformance over BTC during sustained bull runs suggest potential for further price appreciation. The use of leverage through Aave introduces some execution risk but underscores conviction in Ethereum’s upside, reinforcing a bullish market sentiment.