Trend Research, under Yi Lihua, has essentially completed its sell-off, with total losses of approximately $734 million

According to on-chain analyst Yu Jin's monitoring, as Trend Research has essentially completed its sell-off, their final losses on ETH have become clear: a loss of about $734 million.

1. Entered a long position on 231,000 ETH at an average price of $2,667 and liquidated at an average price of $4,027, resulting in a profit of $315 million.

2. Entered a long position on 651,500 ETH at an average price of $3,180 and liquidated at an average price of $2,053, resulting in a loss of $734 million.

However, according to some sources, although Trend Research suffered huge losses on ETH, the fund as a whole did not lose money; it just gave back most of its previous profits. Their gains on other tokens covered the losses on this ETH trade, for example, they made profits on WLFI and FORM.