Trend Research, owned by Yili Hua, has liquidated 153,500 ETH at an average price of $2,294, totaling $352 million, to mitigate losses. The firm has also repaid 266 million USDT to reduce leverage. The current liquidation price range for its ETH loan positions is between $1,685 and $1,855, with a focus around $1,800. Trend Research retains 498,000 ETH, valued at $1.11 billion, with an average acquisition cost of $3,180. The company faces a total loss of $605 million, comprising $136 million in realized losses and $469 million in unrealized losses. It still holds $743 million in leveraged loans.