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Arkham: Trend Research from Easy Rihua Bets on Ethereum Growth and Loses $869 Million
According to Arkham, Trend Research, a company under Easy Rihua, recorded a total loss of $869 million after liquidating its Ethereum position last Sunday. Its long position in Ethereum worth $2.1 billion has completely disappeared from the blockchain. Previously, on-chain analysts estimated losses in the range of $688–$734 million.