YiLiHua's Trend Research liquidates all ETH holdings, with a total loss of approximately $688 million

BlockBeats News, February 8th, according to Arkham Data, at 10:49 (UTC+8), Yihua's Trend Research transferred approximately 534 ETH to Binance, worth about $1.11 million, completing a full liquidation. The on-chain address now holds only 0.165 ETH. In the past hour, Trend Research has transferred a total of about 31,073 ETH to Binance, worth about $65.07 million.

This time, Trend Research went long approximately 658,100 ETH at an average price of around $3,104, and liquidated at an average price of around $2,058, resulting in a loss of about $688 million.