Ethereum is currently trading approximately $300 below its VWAP at $1640, briefly dipping to $1950 in a short-term downward movement
BlockBeats News, February 5th, according to an exchange market data, Ethereum briefly dropped to $1950, with a 24-hour decrease of 9.7%. The average settlement price of Ethereum under Trend Research, a subsidiary of Yihuihua, is about $1640, approximately $300 lower.
Starting from the afternoon of February 1st, Trend Research has cumulatively sold 188,500 ETH at an average price of $2,263 over nearly four days, repaying $385 million USDT to reduce leverage. Currently, its multiple ETH lending positions have a liquidation price ranging from $1,576 to $1,682, primarily focused around $1,640.
The current holdings are 463,000 ETH, approximately $998 million, with an average cost of $3,180 per ETH, resulting in a $647 million loss ($173 million realized loss, $474 million unrealized loss) and $625 million in leveraged loans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Raphael Zagury: Bitcoin will eventually surpass gold
Federal Reserve Bowman: AI Brings Both Opportunities and Risks to the Banking Industry, Fed Urges Strengthening of System Security Protections
Federal Reserve Vice Chair for Supervision, Bowman, warned that AI has a dual impact on the banking industry, serving both as a defensive tool and introducing new emerging risks. She urged banks to strengthen basic cybersecurity measures, including updating asset inventories, deploying multi-factor authentication, and improving vulnerability management. Bowman also stated that regulators will continue to adjust their examination approaches, implementing differentiated supervision for community banks instead of imposing blanket mandatory requirements.
FingerMotion to Buy Newbit Technology for $2.3 Million
BUZZ - Pyxis Oncology shares decline after launching equity financing
