Trend Research has transferred another 35,000 $ETH (worth approximately $80.85M) to Binance, extending its aggressive pattern of exchange deposits.
On-chain analysis indicates these movements were executed in large, structured batches over recent hours. The nature of the transfers points toward active selling or loan repayment, rather than simple internal wallet reorganization.
To date, the entity has now moved a total of 138,588 $ETH — valued at roughly $319.35M — to Binance as part of this sustained unwind.
The scale and consistency of these deposits strongly imply forced de-risking, with continued ETH supply pressure from this source weighing on market sentiment. #ETH #ETHETFsApproved #ETHETFS 
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