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.