According to @lookonchain (X, Oct 10, 2025), an unidentified Bitcoin OG sold 35,991 BTC for 886,371 ETH about a month ago, valuing the swap at roughly $4.38B vs $3.88B now as reported by @lookonchain. According to @lookonchain (X, Oct 10, 2025), the same entity dumped 3,000 BTC two days ago and is shorting 3,600 BTC today, with position sizes cited at approximately $363.87M and $438M. According to @lookonchain (X, Oct 10, 2025), on-chain traces show wallet 0x52d3 sent 0.1 ETH to the Bitcoin OG for gas and later deposited 1.31M USDC into Trend Research’s Binance deposit address, with an Arkham Intelligence address page shared for verification. According to @lookonchain (X, Oct 10, 2025), the Arkham link enables traders to monitor these addresses and flows for potential market impact.

According to @EauDoon, recent ETH volatility is linked to Trend Research and @Jackyi_ld executing a “sell to buy, and buy to sell” strategy with a stated target of 10K ETH within a year, source: @EauDoon on X, Oct 6, 2025. Trend Research has sold 80,835 ETH at an average price of $4,458, generating around $360 million in cash, source: @EauDoon on X, Oct 6, 2025. The selling has been gradual since October 2 and is cited as a driver of recent ETH price swings, source: @EauDoon on X, Oct 6, 2025. The update signals planned re-accumulation toward the 10K ETH target as part of their strategy, a flow traders may monitor for market impact, source: @EauDoon on X, Oct 6, 2025.

According to @lookonchain, Trend Research deposited another 77,491 ETH worth about $354.5 million into Binance in the past 10 hours for sale (source: @lookonchain on X, Oct 5, 2025). According to @lookonchain, total deposits over the past four days reached 143,124 ETH worth about $642 million to Binance (source: @lookonchain on X, Oct 5, 2025). According to @lookonchain, these transfers were explicitly described as for sale, indicating intended sell-side supply from this entity on Binance’s ETH markets (source: @lookonchain on X, Oct 5, 2025).

According to @EmberCN, Trend Research moved 145,000 ETH worth about USD 654 million into Binance over three days, with the source stating the entity has nearly emptied its on-chain ETH holdings (remaining 7,163 ETH worth about USD 32.53 million), source: @EmberCN on X, Oct 5, 2025. The source estimates a total profit of roughly USD 303 million for this cycle, source: @EmberCN on X, Oct 5, 2025. The trade timeline cited by the source is: April to June accumulation of about 182,000 ETH at around USD 2,250 per ETH; in July, after ETH broke USD 3,000, they took profit by selling 74,000 ETH; in September, they repurchased 43,000 ETH at about USD 4,422; in October, they transferred 145,000 ETH to Binance at an average price of about USD 4,489, indicating a near full exit, source: @EmberCN on X, Oct 5, 2025. The post is labeled as sponsored by Bitget, source: @EmberCN on X, Oct 5, 2025.

According to @OnchainLens, Trend Research has deposited 96,100 ETH valued at $426.89M into Binance since October 1 (source: @OnchainLens). According to @OnchainLens, the reported totals imply an average transfer value of roughly $4,442 per ETH based on the USD figure shared (source: @OnchainLens). According to @OnchainLens, these are ongoing deposits from Trend Research, highlighting continued ETH movement to Binance that traders can track via on-chain inflow data (source: @OnchainLens).

According to @ai_9684xtpa, the wallet cluster labeled Trend Research has increased its suspected ETH disposals since October to 72,481 ETH valued at $319 million, indicating sustained outbound flow from this entity (source: x.com/ai_9684xtpa/status/1974715379122581867). According to @ai_9684xtpa, around 30 minutes before the post, the entity withdrew 2,000 ETH from Aave and deposited to Binance, marking the fifth deposit within the past 24 hours (source: x.com/ai_9684xtpa/status/1974715379122581867). The reported transfers are traceable via Arkham Intelligence at the following addresses, which show the on-chain movements cited: 0xa7c8823c2d8CAF8C86F1F572Ac6902964c109bb4, 0x69fB9c83A257Bb9Acb8B7e54248CF38Cb99f5a1b, 0xB93ec153BF3a0Ef602052C04FC5f589625d67300, 0xF4eD25E48Ab6D604d968Eb888d52d550dACeC04E, 0xc2424152d79Df497C0f8b1bbC511A4E814fbb099 (source: intel.arkm.com). These repeated Binance deposits constitute multiple exchange inflows by this entity within 24 hours, a detail relevant for monitoring near-term ETH order-book supply from this cluster (source: x.com/ai_9684xtpa/status/1974715379122581867; intel.arkm.com).

According to @EmberCN, Trend Research sold 9,547 ETH roughly 20 minutes before the post, equating to about USD 43.47 million (source: @EmberCN). According to @EmberCN, since starting a second round of ETH reductions on Oct 2, the entity has transferred a total of 70,481 ETH to Binance at an average price of USD 4,397, totaling approximately USD 310 million (source: @EmberCN). According to @EmberCN, Trend Research’s on-chain addresses still hold about 82,000 ETH, worth around USD 373 million (source: @EmberCN).

According to @EmberCN, Trend Research transferred 5,083 ETH ($22.81M) into Binance 10 minutes ago. Source: https://x.com/EmberCN/status/1974447329739723185 The wallets referenced are visible on Arkham Intel at intel.arkm.com/explorer/address/0xF4eD25E48Ab6D604d968Eb888d52d550dACeC04E and intel.arkm.com/explorer/address/0xc2424152d79Df497C0f8b1bbC511A4E814fbb099. Source: https://x.com/EmberCN/status/1974447329739723185; intel.arkm.com/explorer/address/0xF4eD25E48Ab6D604d968Eb888d52d550dACeC04E; intel.arkm.com/explorer/address/0xc2424152d79Df497C0f8b1bbC511A4E814fbb099 Since beginning a second round of ETH selling the day before yesterday, cumulative deposits to Binance reached 60,934 ETH (~$266M) at an average price of $4,373. Source: https://x.com/EmberCN/status/1974447329739723185 The first round of selling was in July after ETH broke $3,000, totaling 79,000 ETH reduced. Source: https://x.com/EmberCN/status/1974447329739723185 The update notes the post is sponsored by Bitget. Source: https://x.com/EmberCN/status/1974447329739723185

According to @EmberCN, Trend Research transferred 24,051 ETH worth about $104 million into Binance within the past nine hours after ETH rebounded above $4,300, source: @EmberCN on X. According to @EmberCN, they previously sent 16,800 ETH to Binance around ten days earlier and later withdrew the funds after a swing trade, source: @EmberCN on X. According to @EmberCN, prior to today’s move they held 152,000 ETH valued near $660 million with an average cost basis of $2,869, source: @EmberCN on X. The incoming ETH today are attributed to Arkham Intel explorer addresses 0xbb101B9Ac239851842e9758266de36D47B790308 and 0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b, source: Arkham Intel explorer via @EmberCN. Based on these figures, today’s 24,051 ETH transfer equals roughly 15.8 percent of the reported 152,000 ETH holdings, derived from @EmberCN on X. If sold at $4,300, the tranche would imply about $1,431 per ETH and roughly $34.4 million gross profit, calculated from the reported $2,869 cost basis and $4,300 reference price by @EmberCN on X.

According to @EmberCN, Trend Research withdrew 17,256 ETH (about $72 million) from Binance roughly 10 minutes ago, tied to the labeled address 0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b. source: x.com/EmberCN/status/1970078712743047179; intel.arkm.com/explorer/address/0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b @EmberCN adds that the same entity had sent approximately 16,800 ETH to Binance earlier today, implying either no sale occurred or a round-trip trade that netted 456 ETH (about $1.9 million). source: x.com/EmberCN/status/1970078712743047179 The activity and address attribution are based on Arkham’s labeled address data for Trend Research, which traders can monitor for subsequent flows. source: intel.arkm.com/explorer/address/0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b; x.com/EmberCN/status/1970078712743047179

According to @ai_9684xtpa, Binance Futures has removed NEIRO ($NEIRO) from contracts trading, prompting questions about whether this explains Trend Research’s earlier full exit and whether a delisting-driven move could spark short-term upside, source: @ai_9684xtpa on X. The post also highlights that an entity referred to as Yi is described as the top NEIRO holder and asks if they will participate in any ensuing move, source: @ai_9684xtpa on X. The post provides no official Binance announcement link, so the status requires verification via Binance’s official notices before trading, source: @ai_9684xtpa on X.

According to @lookonchain, Trend Research deposited 16,800 ETH (~$72.88M) to Binance at approximately $4,338, source: @lookonchain on X (Sep 22, 2025) and Arkham Intelligence explorer address 0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b. They previously withdrew 43,377 ETH (~$191.82M) from Binance at roughly $4,422, source: @lookonchain on X and Arkham Intelligence explorer address 0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b. The wallet is labeled Trend Research on Arkham Intelligence, source: Arkham Intelligence explorer address 0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b. These flows provide on-chain reference levels near $4,338 (inflow) and $4,422 (prior outflow) that traders can monitor for ETH liquidity dynamics, source: @lookonchain on X.

According to @EmberCN, Trend Research transferred 16,800 ETH worth $72.88M to Binance about 10 minutes before the post, with the coins sourced from a 43,377 ETH purchase in early September; after that buy they reportedly held 152,000 ETH with an average cost of $2,869, source: @EmberCN. Based on those figures, the latest transfer equals roughly 38.7% of the September tranche and about 11.1% of the reported 152,000 ETH holdings, source: @EmberCN. The referenced wallet address is 0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b as shared via Arkham Intelligence, source: Arkham Intelligence.

According to @ai_9684xtpa, a wallet linked to Trend Research associated with 了得资本 redeemed 16,800 ETH from Aave and deposited the same amount to Binance within minutes, valued at approximately 72.88 million dollars at the time. Source: X post by @ai_9684xtpa on 2025-09-22; Arkham address intel.arkm.com/explorer/address/0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b. The wallet 0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b is now nearly emptied, currently holding about 214.8 ETH after the transfer. Source: X post by @ai_9684xtpa; Arkham address intel.arkm.com/explorer/address/0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b. These on-chain flows and balances can be verified directly on Arkham, with the activity also referenced in the X post by @ai_9684xtpa. Source: Arkham address intel.arkm.com/explorer/address/0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b; X post by @ai_9684xtpa.

According to @EmberCN, Trend Research transferred all remaining $NEIROETH to Gate and Bybit within the last 20 minutes, totaling 346 million tokens valued at 14.36 million dollars and representing 34.6% of total supply, source: @EmberCN on X, Sep 21, 2025. According to @EmberCN, Trend Research previously controlled 67% of $NEIROETH supply, or about 670 million tokens valued at 73 million dollars, source: @EmberCN on X, Sep 21, 2025. According to @EmberCN, they sent 32.4% of supply (324.7 million tokens worth 22 million dollars) to exchanges on Sep 4 and today sent another 34.6% (346 million tokens worth 14.36 million dollars) to exchanges, source: @EmberCN on X, Sep 21, 2025. According to @EmberCN, since the exchange deposits began on Sep 4, $NEIROETH has declined 60%, source: @EmberCN on X, Sep 21, 2025.

According to @EmberCN, Trend Research has resumed buying ETH, confirmed by a reply from Jack Yi on X: https://x.com/Jackyi_ld/status/1966036786188296457; source post: https://twitter.com/EmberCN/status/1966041544550658051. The post reports Trend Research now holds about 152,000 ETH with an average cost near $2,869 and a current valuation around $673 million; source: @EmberCN on X: https://twitter.com/EmberCN/status/1966041544550658051. Based on these reported figures, the implied total cost basis is approximately $436 million calculated from 152,000 multiplied by $2,869; calculation derived from data reported by @EmberCN: https://twitter.com/EmberCN/status/1966041544550658051.

According to @lookonchain, Trend Research borrowed 88M USDT on Aave within the past two hours, deposited it to Binance, and then withdrew 9,377 ETH (about $41.37M), indicating a buyback at a higher price. Source: @lookonchain on X, Sep 11, 2025. Two months earlier, the entity sold 79,470 ETH for roughly $250M at an average price of $3,145, marking a reversal in its on-chain flows and exchange activity. Source: @lookonchain on X, Sep 11, 2025.

According to @EmberCN, two newly flagged wallets attributed to Trend Research withdrew 34,000 ETH from Binance on Sep 4 and deposited the funds into Aave; wallet identifiers: 0xbb101B9Ac239851842e9758266de36D47B790308 and 0x90013e5fDd23ef161fb4154cfb239Cb2a904b53b, source: @EmberCN on X and ARKM Intel. In the last 30 minutes, these wallets borrowed 80 million USDT from Aave, sent it to Binance, and withdrew 9,377 ETH, bringing their combined holdings to 43,377 ETH valued around 192 million USD; valuation and flow details from @EmberCN on X, with wallet balances visible on ARKM Intel. The USDT deposits to Binance used a deposit address previously employed by Trend Research, linking the activity to the firm, source: @EmberCN on X. Historical positioning shows Trend Research accumulated 182,000 ETH around 2,250 USD during April–June, trimmed 74,000 ETH after ETH broke 3,000 USD in July to reduce leverage, and continued holding 108,000 ETH, source: @EmberCN on X. Price context cited by @EmberCN references @Jackyi_ld stating 4,100–4,300 USD as a buy-the-dip zone, which @EmberCN suggests aligns with renewed purchases, source: @EmberCN on X. Traders can monitor the two ARKM Intel addresses and Aave borrow activity for subsequent Binance withdrawals to gauge near-term ETH liquidity changes, source: ARKM Intel and @EmberCN on X.

According to @EmberCN, after Bybit announced it will delist the $NEIROETH perpetual contract (source: Bybit), Trend Research transferred another 10.05 million $NEIROETH (about $0.61 million) to Bybit (source: @EmberCN). According to @EmberCN, Trend Research’s total transfers to Bybit today reached 139 million $NEIROETH (about $10.64 million) (source: @EmberCN). According to @EmberCN, the linked on-chain address still holds 531 million $NEIROETH (about $36.23 million), equal to 53.1% of the token’s total supply (source: @EmberCN). The delisting removes a $NEIROETH derivatives venue on Bybit for exposure and hedging (source: Bybit).

According to @EmberCN (X, Sep 4, 2025), Bybit announced it will delist the $NEIROETH perpetual contract, and Trend Research sold 129 million $NEIROETH valued at approximately $10.03 million earlier today, as reported by @EmberCN.