Trend Research conducted a similar ETH short operation last November when ETH was above $3,000: by collateralizing USDC on Aave and then borrowing and shorting ETH. Last November they shorted 66,000 ETH and should have profited $2448 万. After closing that short position, they then went long, eventually longing 650,000 ETH. The ending is known to all—they lost $734 million.
Trend Research conducted a similar ETH short operation last November when ETH was above $3,000: by collateralizing USDC on Aave and then borrowing and shorting ETH. Last November they shorted 66,000 ETH and should have profited $2448 万. After closing that short position, they then went long, eventually longing 650,000 ETH. The ending is known to all—they lost $734 million.