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) has almost completely liquidated its Ethereum positions.
According to the data, Trend Research withdrew a total of 792,532 ETH (approximately $2.59 billion) from Binance at an average price of $3,267. However, the fund later reinvested 772,865 ETH (approximately $1.8 billion) back into Binance at an average price of $2,326. As of now, the fund only holds 21,301 ETH (approximately $43.9 million).
According to statistics, with the liquidation largely complete, the fund’s final loss from ETH transactions is estimated to be around $734 million.
Looking at the details, two major trading cycles stand out for the fund. In the first, Trend Research opened a long position of 231,000 ETH at an average cost of $2,667, closing it at an average price of $4,027 and making a profit of approximately $315 million. However, the situation reversed in the second and larger 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, while Trend Research reported significant losses in Ethereum transactions, the fund did not experience a net loss overall. Allegedly, although the fund gave back a significant portion of its previous profits, gains in other crypto assets offset the ETH loss. Specifically, WLFI and FORM transactions were said to have been profitable, and these profits compensated for the Ethereum loss.
*This is not investment advice.
