When you are losing, take a look at Huazi
Yi Li Hua's Trend Research started to go long on ETH from a price of one to two thousand dollars and sold at four thousand, making a profit of 315 million dollars. This time, going long has already resulted in a loss of 763 million dollars. Not only have they given back all the profits from last time, but they have also lost 448 million in principal.
Since the afternoon of the 1st, in 5 days, Trend Research has cumulatively sold 255,500 ETH (554 million dollars) at an average stop-loss price of 2,168 dollars, and then withdrew 483 million USDT from Binance to repay and reduce leverage.
Now their multiple ETH lending positions have liquidation prices lowered to the range of 1,509-1,708 dollars, mainly around 1,560 dollars.
Currently holding: 396,000 ETH (754 million dollars), average cost price 3,180 dollars.
Loss: 763 million dollars (realized loss of 258 million dollars + unrealized loss of 505 million dollars)
