Trend Research Sold 153,500 ETH at $2,294 Average, Repaid 266 Million USDT

Trend Research sold 153,500 ETH at an average price of $2,294 for $352 million from Feb. 1 to present and repaid 266 million USDT on Feb. 4 to reduce leverage, EmberCN data show. The firm's multiple ETH borrowing positions show liquidation prices ranging from $1,685 to $1,855, with most clustered around $1,800. Trend Research now holds 498,000 ETH valued at $1.11 billion with a $3,180 cost basis, showing total losses of $605 million—$136 million realized and $469 million unrealized—while maintaining $743 million in leveraged borrowing.