Trend Research reports a $763 million loss on its long ETH position, with a $315 million profit wiped out and a total loss of $448 million.

PANews reported on February 6th that, according to on-chain analyst Yu Jin, Trend Research previously profited $315 million by going long on ETH at around $1,000-$2,000 and selling at $4,000. This time, however, they have lost $763 million. Not only have they given back all their previous profits, but they have also lost $448 million of their initial investment.

From the afternoon of February 1st to now, over five days, Trend Research has sold a total of 255,500 ETH (worth $554 million) at an average price of $2,168, and then withdrew 483 million USDT from Binance to repay loans and reduce leverage. Currently, the liquidation price for multiple ETH lending positions has dropped to the $1,509-$1,708 range, mainly around $1,560.

• Current holdings: 396,000 ETH ($754 million), with an average cost of $3,180.
• Loss: $763 million (realized loss of $258 million + unrealized loss of $505 million)
• There are also leveraged loans: $526 million.