Trend Research has experienced a $763 million total loss on its long Ethereum (ETH) positions, wiping out earlier profits and incurring significant principal losses. The firm sold 255,500 ETH at an average price of $2,168 to stop losses and withdrew $483 million USDT from Binance to reduce leverage. Despite these actions, they still hold 396,000 ETH with an average cost of $3,180 and have $526 million in leveraged loans outstanding.

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