Trend Research has incurred a loss of 763 million dollars this time, not only giving back all the profits from the last time but also losing 448 million dollars in principal

According to on-chain analyst Yu Jin's monitoring, Trend Research last went long on ETH from $1,000 to $2,000 and sold at $4,000, making a profit of $315 million. This time, their long position has already lost $763 million. Not only have they given back all the profits from the last time, but they have also lost $448 million in principal.

Since the afternoon of the 1st, in the past 5 days, Trend Research has cumulatively sold 255,500 ETH (worth $554 million) at an average stop-loss price of $2,168, and then withdrew 483 million USDT from Binance to repay and reduce leverage. Now, their multiple ETH lending positions have liquidation prices lowered to the range of $1,509 to $1,708, mainly around $1,560.

• Current holdings: 396,000 ETH (worth $754 million), average cost price $3,180.
• Losses: $763 million (realized losses of $258 million + unrealized losses of $505 million)
• Remaining leveraged borrowing: $526 million U