According to on-chain data platform monitoring, a significant large-scale operation has surfaced—Trend Research team withdrew a total of 11,520 ETH (approximately $34.93 million). This funds were not idle; they were immediately deposited into the DeFi lending protocol Aave, and subsequently, 20 million USDT were borrowed on the platform. Interestingly, these borrowed stablecoins were then transferred to a major exchange to continuously buy ETH. This series of actions vividly demonstrates the leverage mindset of seasoned investors—using the borrowing advantages of the DeFi ecosystem to acquire liquidity at a lower cost and further increase their positions in assets they are optimistic about. In the context of current ETH market volatility, such whale activities often reflect the true attitude of market participants.