According to ME News, on February 8th (UTC+8), Arkham monitored that at 10:49 AM this morning, Trend Research, a subsidiary of Yilihua, transferred its last approximately 534 ETH to Binance, worth about $1.11 million, completing a complete liquidation. The on-chain address currently has only 0.165 ETH remaining.
Trend Research reported that approximately 31,073 ETH, worth about $65.07 million, were transferred to Binance in the past hour.
It is reported that Trend Research long position of 651,500 ETH at an average price of approximately $3,180 and closed out the position at an average price of approximately $2,053, resulting in a loss of approximately $734 million. (Source: ME)
