Trend Research Sold 411,075 ETH Since Feb. 1, Recording $715M in Total Losses

Trend Research liquidated ETH positions across two wallets on Feb. 6, selling 216,075 ETH in the past 12 hours for about $411 million and recording a $259 million loss, on-chain analyst Ai 姨 (@ai_9684xtpa) said in a report cited by BlockBeats. Since Feb. 1, the firm has sold a cumulative 411,075 ETH worth about $850 million, incurring $422 million in losses and cutting 62.16% of a peak 661,000 ETH holding. It now holds 247,272.51 ETH with a $293 million unrealized loss. The latest liquidation range is $1,430–$1,627, which the analyst described as currently unsafe.