As big players are still gaining attention, their actions of major players continue to be the most prominent moves in the sharp decline for the cryptocurrency market. In the latest news, it emerged that Trend Research (LD Capital) has almost completely re-invented its Ethereum positions.
Trend Research pulled 792,532 $ETH (about $2) according to the data. Binance 59 billion) from BinANCE, on average $3,267. However, the fund later refunded 772,865 $ETH (about $1). At an average price of $2,326, 8 billion) back into Binance. The fund currently has only 21,301 $ETH (about $43) as of the time. 9 million) Paraphrasing 9million.
The statistics show that the fund’s final loss from $ETH transactions is estimated at about $734 million (against most of its value) based on the liquidation, according to figures.
The fund has two major trading cycles, compared to the details. Trend Research opened a long position of 231,000 $ETH at an average cost of $2,667 in the first $4,027 and making around $315 million profit. However, in the second and larger position it went backwards for . It opened a long position of 651,500 $ETH at an average cost of $3,180 and closed it at $2,053 on average to lose about $734 million.
Nevertheless, some sources have suggested that Trend Research reported significant losses in Ethereum transactions but the fund did not suffer from a net loss overall. The fund allegedly returned much of its previous profits, but gains in other crypto assets offset the $ETH loss. They said that the transactions of WLFI and in FORM were profitable, specifically they paid for Ethereum loss.
*This is not investment advice.
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