Trend Research withdraws 27,000 ETH from Binance then deposits $150.47M USDC — on‑chain flows suggest rotation into ETH strategies
first published 2026-03-13T14:24:05Z
On‑chain data shows an address linked to Trend Research pulled 27,000 ETH off Binance and later sent about $150.47M in USDC back to the exchange. Earlier this year the firm (linked to LD Capital) liquidated 600k–792k ETH on Binance, realizing roughly $700M+ in losses while repaying Aave loans. The current pattern — ETH moved off‑exchange while nine‑figure USDC is reloaded on Binance — implies Trend Research may be rotating into fresh ETH strategies (self‑custody or DeFi deployments with USDC as dry powder) rather than outright de‑risking; these flows are a notable short‑term liquidity and sentiment signal for ETH markets.
AI Analysis
Facts: 27,000 ETH withdrawn from Binance and ~ $150.47M USDC sent to Binance; earlier liquidations of 600k–792k ETH realized ~$700M+ in losses while repaying Aave loans. These concrete on‑chain moves indicate portfolio rotation between ETH and USDC and thus materially affect short‑term liquidity/sentiment for ETH markets.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
