📉 📉 📉 Leveraged "looped" $2B ETH long unravels — Trend Research sold ~332,000 ETH to Binance after ETH fell under $2,000, triggering an estimated $686M loss
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<div>📉 📉 📉 Leveraged "looped" $2B ETH long unravels — Trend Research sold ~332,000 ETH to Binance after ETH fell under $2,000, triggering an estimated $686M loss <a href="https://whale-alert.io/stories/fa8501791df684/Leveraged-looped-2B-ETH-long-unravels-Trend-Research-sold-332000-ETH-to-Binance-after-ETH-fell-under-2000-triggering-an-estimated-686M-loss" rel="nofollow">Read Analysis</a></div>

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Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

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