Trend Research Closes $2.1B Ethereum Long, Realizing $869M Loss After Full Onchain Liquidation

Trend Research under Yilihua realized an $869 million loss on its Ethereum trading after closing positions last Sunday, Arkham data show. The firm had held a long ETH position valued at $2.1 billion, and all related onchain accounts are now fully liquidated. Several onchain analysts had earlier estimated Trend Research's loss within a range of $688 million to $734 million before Arkham published the final figures.