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.