Trend Research, a subsidiary of Yi Lihua, has essentially completed its liquidation, with total losses amounting to approximately $734 million.

According to on-chain analyst Ember's monitoring, with Trend Research essentially completing its liquidation, their final loss on ETH is now clear: approximately $734 million. 1. They entered long positions of 231,000 ETH at an average price of $2,667 and liquidated at an average price of $4,027, making a profit of $315 million. 2. They entered long positions of 651,500 ETH at an average price of $3,180 and liquidated at an average price of $2,053, incurring a loss of $734 million. However, according to some reports, although Trend Research suffered a huge loss on ETH, the fund as a whole did not lose money; only previous profits were largely wiped out. Their profits in other cryptocurrencies offset the ETH loss; for example, they made money on WLFI and FORM.