Trend Research stopped losses on 153,500 ETH within two days and repaid 266 million USDT to reduce leverage.

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PANews
02-04
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PANews reported on February 4th that, according to on-chain analyst Yu Jin, from the afternoon of February 1st to the present, Trend Research has cumulatively reduced its holdings by 153,500 ETH (US$352 million) at an average price of US$2,294 over two days, and then repaid 266 million USDT to reduce leverage.

Currently, the liquidation price range for multiple ETH lending positions is between $1,685 and $1,855, with the majority concentrated around $1,800.

  • Current holdings: 498,000 ETH ($1.11 billion), with an average cost of $3,180.
  • Loss: $605 million (realized loss of $136 million + unrealized loss of $469 million).
  • There are also leveraged loans: $743 million.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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