Trend Research sold 53,589 ETH at a stop-loss, and the liquidation price of the ETH lending position has dropped to around 1,810 USD

According to on-chain analyst Yu Jin's monitoring, Trend Research has stopped loss selling 53,589 ETH, worth $123 million, and subsequently withdrew $121 million USDT from Binance for repayment. Its ETH lending position's liquidation price has dropped to around $1,810. Currently, Trend Research still holds 598,000 ETH, valued at $1.33 billion, with an average cost price of $3,180.

The institution currently has a total loss of $613 million, which includes realized losses of $47.42 million and unrealized losses of $565 million.