Trend Research Forced to Sell 612K ETH as $958M Leveraged Position Implodes

TLDR: Trend Research sold 612,452 ETH valued at $1.26 billion over six days to avoid total liquidation.  The firm’s leveraged position peaked at $958 million in borrowed stablecoins backed by 601K ETH.  Only 39,301 ETH worth $80.93 million remains after aggressive deleveraging near $1,800 threshold.  Market observers suggest yesterday’s flush to $1,800 specifically targeted the [...]

The post Trend Research Forced to Sell 612K ETH as $958M Leveraged Position Implodes appeared first on Blockonomi.