Trend Research Suffers $763M Loss: Principal Eroded and Leverage Risks Exposed

Overview of the Investment Loss

Trend Research faced a significant setback in its recent ETH long position, suffering a total loss of $763 million. This not only erased previous profits but also resulted in a direct principal loss of $448 million.

According to on-chain data analysis, Trend Research sold 255,500 ETH over the past five days at an average price of $2,168, worth approximately $554 million. The firm subsequently withdrew $483 million USDT from Binance to repay debts and reduce leverage risks.

• Current holdings: 396,000 ETH (worth $754 million), average cost at $3,180
• Total loss: $763 million (realized loss of $258 million + unrealized loss of $505 million)
• Remaining leveraged debt: $526 million USDT

Clearing Price Alert

Currently, the liquidation prices for several of Trend Research’s leveraged positions have dropped to the range of $1,509–$1,708, primarily concentrated around $1,560. This shift highlights the extreme risks associated with high-leverage trading, especially in the volatile crypto market.