According to @ai_9684xtpa, Trend Research deposited 20,000,000 USDT to an exchange and withdrew 9,939 ETH worth about 3.04 million dollars from Binance shortly after, indicating ongoing accumulation; source: @ai_9684xtpa on X (Jan 20, 2026) and Arkham Intelligence address https://intel.arkm.com/explorer/address/0x85e05C10dB73499fbDeCAb0dfbB794a446feEeC8. According to @ai_9684xtpa, five minutes later the wallet borrowed 10,000,000 USDT from Aave and deposited it to Binance, signaling additional funding for activity on the exchange; source: @ai_9684xtpa on X (Jan 20, 2026) and Arkham Intelligence address https://intel.arkm.com/explorer/address/0x85e05C10dB73499fbDeCAb0dfbB794a446feEeC8. According to @ai_9684xtpa, the latest tally shows 626,778.65 ETH held with a stated value of 1.94 billion dollars, average cost about 3,105.5, and unrealized profit of 53.52 million, while an earlier update cited 636,717.65 ETH at an average cost about 3,105.46 with 0.636 million unrealized profit; source: @ai_9684xtpa on X (Jan 20, 2026) and Arkham Intelligence address https://intel.arkm.com/explorer/address/0x85e05C10dB73499fbDeCAb0dfbB794a446feEeC8. According to @ai_9684xtpa, traders can monitor Binance ETH spot flows and the Arkham-tracked wallet for further deposits or withdrawals to gauge near-term flow-driven risk; source: @ai_9684xtpa on X (Jan 20, 2026) and Arkham Intelligence address https://intel.arkm.com/explorer/address/0x85e05C10dB73499fbDeCAb0dfbB794a446feEeC8.

According to @EmberCN, Trend Research, a secondary investment firm under Jackyi (@Jackyi_ld), added 46,379 ETH (~$137M) today using borrowed leverage. Source: X post by @EmberCN https://twitter.com/EmberCN/status/2003647952729104865 They have accumulated a total of 580,000 ETH (~$1.72B) since early November when ETH was around $3,400, with an estimated average cost of $3,208. Source: X post by @EmberCN https://twitter.com/EmberCN/status/2003647952729104865 Based on these figures, the position is currently at an unrealized loss of about $141M. Source: X post by @EmberCN https://twitter.com/EmberCN/status/2003647952729104865 Traders can reference the cited $3,208 average cost as a key level for positioning and risk management given the use of leverage. Source: X post by @EmberCN https://twitter.com/EmberCN/status/2003647952729104865

According to @OnchainLens, Bitmine (BMNR) purchased 54,156 ETH worth $168.98M last week and now holds 3,559,879 ETH valued at $11.1B, citing a PR Newswire company announcement as the source. This weekly increase equals roughly 1.52 percent of its reported ETH stack and implies an average purchase price near $3,121 per ETH based on the disclosed totals, per @OnchainLens and PR Newswire.

According to @EmberCN, Bitmine bought 110,000 ETH last week for about $385 million, adding to its Ethereum accumulation. source: @EmberCN on X https://x.com/EmberCN/status/1987901493509542328 The purchase lifts Bitmine's total ETH holdings to 3.505 million, valued at roughly $12.42 billion at the time reported. source: @EmberCN on X https://x.com/EmberCN/status/1987901493509542328 The reported blended cost basis stands at $4,020 per ETH, with an unrealized loss estimated at about $1.66 billion based on current valuation. source: @EmberCN on X https://x.com/EmberCN/status/1987901493509542328 The latest buy reduces the entity's average entry price relative to earlier levels, as noted in the disclosure. source: @EmberCN on X https://x.com/EmberCN/status/1987901493509542328 The incremental 110,000 ETH equals about 3.14% of the reported 3.505 million ETH position, a size metric relevant for positioning analysis. source: calculations based on figures reported by @EmberCN on X https://x.com/EmberCN/status/1987901493509542328 The implied mark price used in the valuation is approximately $3,543 per ETH, derived from $12.42 billion divided by 3.505 million ETH. source: calculations based on figures reported by @EmberCN on X https://x.com/EmberCN/status/1987901493509542328