Trend Research currently holds $1.11 billion worth of ETH, with an unrealized loss of $605 million

Odaily News According to on-chain analyst Yu Jin's monitoring, Trend Research stopped losses and reduced its position by 153,500 ETH over the past two days at an average price of $2,294, worth $352 million, and repaid $266 million USDT to lower leverage. Currently, the liquidation price range for several of Trend Research's ETH lending positions is between $1,685 and $1,855, mainly concentrated around $1,800.

Trend Research currently still holds 498,000 ETH, worth $1.11 billion, with an average cost basis of $3,180. The cumulative loss has reached $605 million, including $136 million in realized losses and $469 million in unrealized losses. There is still $743 million USDT in leveraged borrowing.