Trend Research withdrew 121 million USDT from Binance as repayment, with the liquidation price dropping to $1,810.

Notizie in breve

PANews reported on February 2nd that on-chain analyst Ember uncovered how Trend Research strategically offloaded 53,589 ETH—valued at $123.00 million—to stem mounting losses. Subsequently, they withdrew 121.00 million USDT from Binance, using those funds to service existing debts and effectively lowering their ETH liquidation threshold to approximately $1,810.00. The firm currently maintains 598,000 ETH worth $1.33 billion, purchased at an average price of $3,180.00. Overall, they're grappling with $613.00 million in total losses: $47.42 million already realized and $565.00 million remaining unrealized, all while managing $897.00 million in leveraged obligations.

PANews reported on February 2nd that, according to on-chain analyst Ember, Trend Research has stopped its losses by selling 53,589 ETH (worth $123 million) and then withdrawing 121 million USDT from Binance for repayment. Its ETH lending position liquidation price has now dropped to around $1,810.

• Current holdings: 598,000 ETH ($1.33 billion), with an average cost of $3,180.
• Loss: $613 million (realized loss of $47.42 million + unrealized loss of $565 million)
• There are also leveraged loans: $897 million.