A $2B Ethereum Bet Unwinds as Leverage Finally Breaks

As Ethereum slid toward $1,750, Trend Research was forced into one of the largest on-chain deleveraging events in recent history, unwinding a leveraged position estimated near $2 billion to avoid total liquidation. The collapse didn’t come from a single liquidation, but from a structure that stopped working once price momentum turned decisively lower. source: https://www.ethnews.com/a-2b-ethereum-bet-unwinds-as-leverage-finally-breaks/