According to ME News, on February 6th (UTC+8), based on monitoring by on-chain analyst Yu Jin, Trend Research previously profited $315 million by going long on ETH at around $1,000-$2,000 and selling at $4,000. This long, however, they have lost $763 million. Not only have they given back all their previous profits, but they have also lost $448 million of their initial investment.
From the afternoon of February 1st to now, over five days, Trend Research has sold a total of 255,500 ETH (worth $554 million) at an average price of $2,168, and then withdrew 483 million USDT from Binance to repay loans and reduce leverage. Currently, the liquidation price for multiple ETH lending positions has dropped to the $1,509-$1,708 range, mainly around $1,560.
Current holdings: 396,000 ETH ($754 million), with an average cost of $3,180.
Loss: $763 million (realized loss of $258 million + unrealized loss of $505 million).
There is also leveraged borrowing: $526 million. (Source: ME)
