Trend Research has identified Chinese companies ($ETH), but all positions are currently closed.
Trend Research, which suffered heavy losses from the decline since October, closed all its Ethereum positions.
Trend Research, founded by Jack Yee, closed its last position in Ethereum on Sunday, according to Arcam data.
At its peak, it held $2.1 billion in long Ethereum positions, making it the largest. $ETH Holders of long positions in Asia.
However, as the stock price fell, the company began liquidation. $ETH Its on-chain account is now fully liquidated, with a final profit or loss of -$869 million.
Trend Research has been in the news for losses on its Ethereum investments, but it admitted in a statement last week that it was wrong about Ethereum.
Founder Jack Yee said he was one of the people feeling the most pressure from Ethereum’s decline and admitted that it was a mistake to be prematurely optimistic about Ethereum after closing positions at peak levels.
*This is not investment advice.
