PANews reported on February 4th that, according to on-chain analyst Yu Jin, from the afternoon of February 1st to the present, Trend Research has cumulatively reduced its holdings by 153,500 ETH (US$352 million) at an average price of US$2,294 over two days, and then repaid 266 million USDT to reduce leverage.

Currently, the liquidation price range for multiple ETH lending positions is between $1,685 and $1,855, with the majority concentrated around $1,800.

• Current holdings: 498,000 ETH ($1.11 billion), with an average cost of $3,180.
• Loss: $605 million (realized loss of $136 million + unrealized loss of $469 million).
• There are also leveraged loans: $743 million.