Trend Research Closed Ethereum Long Position With $869M Realized Loss

Trend Research, a unit of Easy Money Research Group, closed its Ethereum long position last Sunday with a realized loss of $869 million, Arkham data show. The firm had previously held a $2.1 billion long position in Ethereum, and all of its on-chain accounts are now fully emptied. Earlier estimates from multiple on-chain analysts had placed the loss between $688 million and $734 million, BlockBeats noted.