Trend Research's $2B ETH position turns profitable on price recovery

A $2 billion Ethereum (ETH) position held by LD Capital subsidiary Trend Research has become profitable as the cryptocurrency's price recovered to $3,200, EmberCN reported. The firm had previously acquired 626,000 ETH through a loan from the crypto lending protocol Aave, with an average purchase price of $3,186. While the position faced a maximum unrealized loss of $141 million during the recent price decline, it is now showing an unrealized profit of $8.77 million.