A notable development has occurred. According to on-chain data, Trend Research deposited a total of 73,588 Ethereum (ETH) into the Binance cryptocurrency exchange in the last 24 hours.
The total value of these transfers is estimated at approximately $168.6 million, with the last transaction alone involving 20,000 ETH (worth $45.52 million).
According to the data, these large transfers by Trend Research in the last 24 hours were made for sales and loan repayments. The average investment price for ETH transfers to Binance was calculated at $2,299.96. Considering current price levels, Trend Research's estimated loss from these transactions is approximately $59.19 million.
However, the company's on-chain holdings of 598,342.35 ETH have also experienced a significant decline in value. Based on current market conditions, these assets are estimated to represent an unrealized loss of approximately $495 million.
On the other hand, Jack Yi, founder of Liquid Capital, also commented on the issue. Yi stated that he is currently one of those feeling the most pressure in the market, admitting that it was a mistake to be prematurely optimistic about Ethereum after closing positions at peak levels. He said that they considered Ethereum to be "undervalued" when it remained around $3,000 while Bitcoin was trading at $100,000, adding that previous cycle profits have been given back and that position size determines the investment approach.
Jack Yi stated that they expect the market to regain an upward trend by prioritizing risk control, and added that investing and trading are the most challenging areas of the sector. He also noted that investors within the sector tend to be optimistic at times.
