BlockBeats News, March 13th: This morning, a wallet suspected to be associated with Trend Research under Eric Huang’s umbrella allegedly borrowed ETH via Aave, transferred it to Binance, and shorted 27,000 ETH, worth about $57.1 million.
Eric Huang, known for publicly pumping ETH and personally going all-in long, bought about 658,100 ETH at an average price of around $3104 from last year to early this year. He liquidated his position at an average price of around $2058 on February 8th, resulting in a loss of about $688 million. When Trend Research liquidated its position on February 6th, Eric Huang appeared near Causeway Bay in Hong Kong in the afternoon and stayed until around 10 p.m. However, he did not show any unusual behavior at the scene.
On March 10th, Eric Huang posted again, saying, “The speed of AI development and the anxiety are terrifying. Going back to the original intention and returning to the crypto industry, firstly, any price of ETH below $2000 is a buying opportunity. Both short-term and long-term positions have a high success rate. Secondly, according to the cycle theory, this year is also a great opportunity to buy the dip, suitable for us to prepare for a new fund and platform.”
