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#TrendResearchSuspectedShorting27KETH
A new development in the crypto market has drawn attention: a wallet believed to be linked to Trend Research has opened a large short position of 27,000 ETH. On-chain analysis suggests this transaction involves approximately $57 million worth of Ethereum.
According to data shared by on-chain analyst Yu Jin, the address initially borrowed 27,000 ETH via Aave, using 100 million USDC as collateral. It is believed that this entire ETH was then transferred to an exchange to open a short position.
The address's past activity is also noteworthy. Analysis indicates that the wallet previously withdrew 303 million USDC from an exchange and has conducted similar transactions with addresses linked to Trend Research in recent weeks.
This move raises the possibility of short-term price pressure in the Ethereum market, with some analysts noting that a short position of this size could also increase the risk of a potential short squeeze.
The market is now debating whether this transaction represents a strong bearish expectation for Ethereum or a strategic hedge position.