According to on-chain analyst Yu Jin, Trend Research previously profited $315 million by going long on ETH, but this time it has lost $763 million, giving back all profits and incurring a loss of $448 million in principal. Since the afternoon of August 1st, Trend Research has cumulatively sold 255,500 ETH at an average price of $2,168, worth $554 million, and withdrew 483 million USDT from Binance to repay loans and reduce leverage. Currently, the liquidation price of its multiple ETH lending positions has dropped to the range of $1,509 to $1,708, mainly concentrated around $1,560. Trend Research still holds 396,000 ETH, worth $754 million, with an average cost of $3,180. Its total loss reached $763 million, including $258 million in realized losses and $505 million in unrealized losses, and it still has $526 million in leveraged debt.