Since the afternoon of the 1st, Trend Research has accumulated a total of 188,500 ETH (approximately $426 million) at an average stop-loss price of $2,263 over the past four days, and then repaid $385 million in USDT to reduce leverage.
Now, their multiple ETH lending positions have liquidation prices lowered to the range of $1,576-$1,682, mainly concentrated around $1,640.

◎Current holdings: 463,000 ETH (approximately $998 million), average cost price $3,180.
◎Loss: $647 million (realized loss $173 million + unrealized loss $474 million).
◎Remaining leveraged borrowings: $625 million U.