Trend Research's ETH Position Results in $734M Loss

PANews February 7th news report According to on-chain analyst Yujin's monitoring, as Trend Research has basically completed liquidation, their final loss on ETH this time is clear: a loss of about $734 million. Adding the previous long position on ETH, the combined loss on ETH from the two times is $419 million: 1. They entered a long position on 231,000 ETH at an average price of $2,667 and liquidated at an average price of $4,027, making a profit of $315 million 2. They entered a long position on 651,500 ETH at an average price of $3,180 and liquidated at an average price of $2,053, incurring a loss of $734 million However, according to some information, although Trend Research suffered a huge loss on ETH, the fund as a whole did not lose money, just that the previous profits were basically given back. Their profits from other cryptocurrencies covered this ETH loss, for example, they made money on WLFI and FORM.