talk nonsense. the candle is extremely bad. stopping the panic selling of the monthly candle still makes sense.
Trading Insight_News
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$ETH Trend Research Whale Officially "Finishes Cutting Losses," Loses $734 Million, But Survives Thanks to Other Altcoin
The nightmare selloff by Trend Research has finally ended. On-chain data confirms this fund has completed liquidating its entire ETH position with a record loss, but fortunately, they haven't gone "bankrupt" due to a diversified portfolio.
🔸 Trend Research went through 2 major trading rounds with Ethereum.
Round 1 Win, Long 231,000 ETH at an entry of $2,667 USD, exit at $4,027 USD -> Profit $315 million USD.
Round 2 Big Loss, Long 651,500 ETH at an entry of $3,180 USD, average exit at $2,053 USD -> Loss $734 million USD. In total, the fund netted a loss of $419 million USD from its Ethereum play.
🔸 Although the $734 million figure sounds horrific, internal information indicates Trend Research did not lose its principal capital. Massive profits from other tokens like $WLFI and $FORM had previously covered the ETH loss.
In reality, they simply "gave back all the profits" to the market after one trading cycle.
🔸 The fact that Trend Research has finished dumping its holdings is extremely positive news for ETH. The largest selling pressure has been removed. When a "big player" accepts cutting losses and exits, it is often the time when a longterm bottom is established.
Even whales chase peaks and have to cut losses. What's the lesson here: Never "Allin" on one token, always diversify your portfolio like how Trend Research used WLFI to cover the ETH loss?
News is for reference, not investment advice. Please read carefully before making a decision.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
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