During the sharp decline in the cryptocurrency market, the actions of major players continue to attract attention. Most recently, it was revealed that Trend Research (LD Capital) had almost completely liquidated its positions in Ethereum.
According to data from Trend Research, with a total of 792,532 $ETH (around $2.59 billion) from Binance at an average price of $3,267. However, the fund subsequently reinvested 772,865 $ETH (around $1.8 billion) in Binance at an average price of $2,326. For now, the fund only holds 21,301 $ETH (approximately $43.9 million).
According to statistics, the liquidation being largely completed, the final loss of the fund $ETH The transactions are valued at approximately $734 million.
Looking at the details, two major trading cycles stand out for the fund. In the first case, Trend Research opened a long position of 231,000 $ETH at an average cost of $2,667, closing at an average price of $4,027 and making a profit of approximately $315 million. However, the situation was reversed in the second, more important position. The fund opened a long position of 651,500 $ETH at an average cost of $3,180 and closed it at an average price of $2,053, resulting in a loss of approximately $734 million.
However, according to some sources, although Trend Research reported significant losses in Ethereum transactions, the fund overall did not suffer a net loss. Apparently, although the fund returned a significant portion of its earlier profits, gains in other crypto assets offset the $ETH loss. Specifically, WLFI and FORM transactions would have been profitable, and these profits offset Ethereum’s loss.
*This does not constitute investment advice.
