$2.1 billion long position wiped out: Trend Research liquidates ETH, ultimately losing $869 million

Yi Lihua's Trend Research completed the liquidation of its Ethereum position last Sunday.

Final results:

Peak position size: approximately $2.1 billion ETH long

Final profit and loss: lost $869 million

Current on-chain account: completely emptied

This is not an ordinary stop-loss, but a large-scale directional retreat.

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