💸TRADING FIRM LOSES $686 MILLION AFTER ETH PRICE CRASH Trend Research just suffered a $686M loss on a leveraged Ethereum position. The firm borrowed stablecoins on Aave and used ETH as collateral to build a $2B long position. As ETH kept falling, their collateral shrank while their debt stayed the same, forcing liquidation. After ETH hit ~$1,750 on Feb 4, they sold 332,000 ETH on Binance to repay loans.(Coin Bureau)