Arkham: Trend Research under Yilihua has a final loss of 869 million dollars from going long on ETH

Arkham officially released statistics showing that Trend Research, under Yilihua, incurred a final loss of $869 million after liquidating its Ethereum holdings last Sunday. At one point, it held a long position in Ethereum worth $2.1 billion, and now its on-chain accounts have been completely emptied.

Previously, several on-chain analysts had estimated the loss to be between $688 million and $734 million.