PANews reported on February 7th that, according to on-chain analyst Yu Jin, with Trend Research essentially completing its liquidation, their final loss on ETH is now clear: approximately $734 million. Combined with their previous long position in ETH, the total loss from these two ETH trades amounts to $419 million.

1. Entered a long position of 231,000 ETH at an average price of $2,667 and closed the position at an average price of $4,027, making a profit of $315 million.

2. Entered a long position of 651,500 ETH at an average price of $3,180, and closed the position 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 profits on other cryptocurrencies offset the losses from ETH; for example, they made money on WLFI and FORM.