BlockBeats News, February 6th. According to on-chain analyst Yu Jin, Trend Research started longing ETH from $1000 to $2000 last time, sold at $4000 to realize a profit of $315 million, and this time the long position has incurred a loss of $763 million. Not only did it give back all the previous profit, but also lost $448 million of the principal.
From the afternoon of the 1st until now, in 5 days, Trend Research has cumulatively stop-loss sold 255,500 ETH at an average price of $2168 ($554 million), then withdrew 483 million USDT from Binance to repay the debt and deleverage. Their multiple ETH leveraged positions have now been liquidated at a price range of $1509-$1708, mainly around $1560.
· Currently still holding: 396,000 ETH ($754 million), with an average cost of $3180.
· Loss: $763 million (Realized loss $258 million + Unrealized loss $505 million)
· Outstanding leverage loan: $526 million U
