The speech will be about the company Trend Research, which sold Ethereum for $1.8 billion in the last week. During the sale, the company also recorded a loss on Ethereum of $750 million, as the forced sale price was much lower than the average purchase price. The thing is, the company, like the Bitcoin OG whale, was holding long positions on Ethereum, but all of this was done through loans.
Result â when the price of Ethereum began to decline, Trend Research was forced to close these loans, taking money from the sale of its reserves of Ethereum, which it had previously aggressively accumulated. In total, the company lost almost all of its long position of $2.6 billion â they had only $44 million left.