Trend Research has quietly increased its Ethereum exposure this month, adding over 46,000 ETH worth more than $130 million while market sentiment remains mixed.

The accumulation wasn’t done through a single trade. Instead, the exposure was built gradually, with Ethereum moved off centralized venues and positioned for longer-term holding. The size and structure suggest patience, not speculation.

This kind of activity doesn’t move price overnight, but it often matters when conditions shift and liquidity tightens.

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