Trend Research has stopped its losses by selling 53,589 ETH ($123 million) and then withdrawing 121 million USDT from Binance for repayment. Their ETH lending position liquidation price has now dropped to around $1,810. ◎Current holdings: 598,000 ETH ($1.33 billion), average cost $3,180. ◎Losses: $613 million (realized losses $47.42 million + unrealized losses $565 million) ◎Leveraged debt: $897 million USDT