Trend Research Cuts ETH Leverage to 2.2x After Adding $109.1M USDT Margin

Trend Research reduced its leveraged ETH borrowing from $1.12 billion to $1.01 billion on Feb. 1, EmberCN data show. The firm withdrew 109.1 million USDT from Binance to repay on-chain debt, lowering its leverage ratio from 2.4x to 2.2x. It currently holds 651,500 ETH worth approximately $1.83 billion.