LD Capital founder responds to partial ETH sell-off: Deleveraging during bull market FOMO, holding spot and waiting for new opportunities

According to ChainCatcher, citing information from social media, LD Capital founder JackYi responded to the incident where Trend Research deposited 17,289 ETH, worth nearly $53 million, into a CEX by stating, "During bull market FOMO, we use leveraged borrowing to hold spot positions and wait for new opportunities."

Previously, Trend Research, a subsidiary of LD Capital, increased its ETH holdings with 2x leverage: they borrowed about $270 million on Aave to purchase ETH. Their average cost for ETH was around $2,250, and now with ETH priced at $3,127, their 182,000 ETH position has an unrealized profit of as much as $160 million.