Institutional Trend Research has made significant moves again in the past hour. They withdrew 20,850 ETH from a major exchange, equivalent to $63.28 million, and then staked this batch of Ethereum to an address starting with 0x8FD. Subsequently, they borrowed 40 million USDT. The underlying logic behind this series of operations is worth noting—using staking to facilitate borrowing often suggests that institutions may be preparing for the next round of accumulation. As of now, five wallet addresses under Trend Research have accumulated a total of 600,850 ETH, with total assets reaching $1.82 billion. This large-scale and continuous expansion of holdings reflects the institutions' confidence in the long-term value of ETH.