Odaily Planet Daily reports that on-chain analyst Yu Jin monitored that Trend Research has cut its position by 153,500 ETH over the past two days at an average price of $2,294, with a loss cut of $52.9 million, and repaid $266 million USDT to reduce leverage. Currently, the liquidation price range for several ETH lending positions of Trend Research is between $1,685 and $1,855, mainly concentrated around $1,800.
Trend Research still holds 498,000 ETH, valued at $1.11 billion, with an average cost of $3,180. The total loss has reached $605 million, including realized losses of $136 million and unrealized losses of $469 million. There is still $743 million USDT in leveraged loans.
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