A new update indicates that Trend Research is again moving large size through Binance, this time withdrawing 27,000 ETH from the exchange while transferring about $150 million in USDC in the opposite direction. This adds a new phase to earlier reported activity involving a Trend Research-linked wallet, which had previously borrowed 27,000 ETH on Aave, moved the funds through Binance, repaid the loan, and returned $150 million in USDC to a centralized exchange as part of what was interpreted as an unwind of a large ETH short. The latest reported flows suggest fresh positioning through Binance following that earlier sequence.