According to ME News, on February 7th (UTC+8), analyst Yu Jin posted on the X platform that with Trend Research essentially completing its liquidation, their final loss on ETH is now clear: approximately $734 million. Adding to their previous long on ETH, the total loss from these two ETH trades amounts to $419 million.
- I long at an average price of $4,027, making a profit of $315 million.
- I long 651,500 ETH at an average price of $3,180 and sold them all at an average price of $2,053, resulting in a loss of $734 million.
Meanwhile, reports indicate that while Trend Research suffered significant losses on ETH, the fund as a whole did not lose money; however, most of its previous profits were wiped out. Their profits in other cryptocurrencies offset the ETH losses; for example, WLFI and FORM were profitable. (Source: ME)
