Ethereum whale Trend Research unwinds ETH position as losses reach $747M

Liquid Capital–affiliated investment firm Trend Re

Liquid Capital–affiliated investment firm Trend Research has nearly exited its Ethereum position after incurring losses of $747 million, according to data

In response to market swings and growing liquidation risks, Trend Research has scaled back its ETH exposure.

According to a Friday report, the firm returned 772,865 ETH to Binance at $2,326 after withdrawing 792,532 ETH from the exchange at an average price of $3,267 following a series of purchases. It retains over 21,000 ETH worth approximately $44 million.

This week’s sell-off comes after the major market crash on October 10 last year, when roughly $19 billion in leveraged positions were liquidated, driving ETH down from highs around $4,700. Since that event, ETH and other crypto assets have struggled to reclaim pre-cash levels.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

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