Trend Research's recent long position has incurred a loss of $763 million, not only giving back all the previous profits but also losing $448 million of the principal.
BlockBeats News, February 6th, according to on-chain analyst Yu Jin monitoring, Trend Research went long on ETH from $1000 to $2000 last time, sold at $4000 to realize a profit of $315 million. This time, the long position has incurred a loss of $763 million, not only giving back all the previous profits but also losing $448 million of the principal.
Starting 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. Now, their multiple ETH lending positions' liquidation prices have dropped to the range of $1509-$1708, mainly around $1560.
· Currently still holding: 396,000 ETH ($754 million), average cost price $3180.
· Loss: $763 million (Realized loss $258 million + Unrealized loss $505 million)
· Outstanding leverage loan: $526 million
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