Trend Research Sells 153,500 ETH, Repays $266 Million USDT to Reduce Leverage

Trend Research sold 153,500 ETH at an average price of $2,294, totaling $352 million, between February 1 and the present, according to data from EmberCN. Concurrently, the firm repaid 266 million USDT on February 4, a strategic move aimed at reducing its overall leverage. Despite these actions, EmberCN data indicates that Trend Research currently holds 498,000 ETH, valued at $1.11 billion, with a cost basis of $3,180. The firm has incurred total losses of $605 million, comprising $136 million realized and $469 million unrealized, while still maintaining $743 million in leveraged borrowing. Their ETH borrowing positions show liquidation prices ranging from $1,685 to $1,855.