Ethereum Collapse: 686 Million Dollar Revenue Loss

Big Loss from Trend Research

Trend Research is a trading firm managed by Jack Yi, the founder of Liquid Capital. This firm has borrowed stablecoins against Ethereum collateral to create leveraged long positions worth 2 billion dollars on Ethereum.

However, this week, the price of Ethereum fell to 1,750 dollars. This situation led to the liquidation of the firm's cyclical Ethereum position, resulting in an estimated loss of 686 million dollars.

Positive Expectations from Jack Yi

Jack Yi assessed these large sell-offs as a risk management measure. Nevertheless, he predicted a 'mega' bull market for Ethereum. Yi forecasts that prices will exceed 10,000 dollars and that Bitcoin will surpass 200,000 dollars.