Odaily Planet Daily News: According to Lookonchain statistics, Trend Research under Yili Hua has accumulated a loss of approximately $747 million from this round of leveraged long positions of $ETH .

This loss originated from its high leverage operations: after establishing positions at an average price of about $3180, the ETH price continued to decline. Although the team reduced leverage through stop-loss measures and repaying loans, and transferred over 630,000 ETH to exchanges for liquidation, it was still difficult to offset the huge losses caused by price fluctuations, ultimately resulting in a total loss that includes both realized losses and unrealized losses.