PANews reported on February 2nd that, according to on-chain analyst Ember, Trend Research has stopped its losses by selling 33,589 ETH (US$79.12 million) and thenPANews reported on February 2nd that, according to on-chain analyst Ember, Trend Research has stopped its losses by selling 33,589 ETH (US$79.12 million) and then
Trend Research reports that the ETH lending liquidation price has fallen to around $1830, resulting in a loss of $562 million.
News Brief
PANews reported on February 2nd that on-chain analyst Ember observed how Trend Research strategically offloaded 33,589 ETH—valued at $79.12 million—to cut losses, subsequently withdrawing $77.52 million USDT from Binance for ETH loan repayment. This maneuver lowered their liquidation threshold from $1,880.00 to approximately $1,830.00. Currently, analysts believe Trend Research maintains a substantial position of 618,000 ETH worth $1.43 billion, with an average entry point at $3,180.00. The firm faces mounting losses totaling $562.00 million: $27.71 million crystallized and $534.00 million unrealized, all while managing $941.00 million in leveraged obligations.
PANews reported on February 2nd that, according to on-chain analyst Ember, Trend Research has stopped its losses by selling 33,589 ETH (US$79.12 million) and then withdrawing 77.52 million USDT from Binance to repay its ETH lending positions, reducing the liquidation price of its ETH lending positions from US$1,880 to around US$1,830.
Trend Research currently holds: 618,000 ETH ($1.43 billion), with an average cost of $3,180; a loss of $562 million (realized loss of $27.71 million + unrealized loss of $534 million); and leveraged loans of $941 million.
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