Trend Research don sell over 400K ETH after about 30% drop; BitMine get $7B unrealized loss
Trend Research sharply reduce dem Ether (ETH) holdings dis week, dem move over 400,000 ETH from Aave go exchanges after ETH drop about 30% for seven days. The firm balance for Aave comot from about 651,000 ETH go roughly 247,000 ETH as leveraged positions — wey dem build by posting ETH as collateral, borrow stablecoins and buy more ETH — enter liquidation bands between $1,562 and $1,698. Arkham on-chain tracking show ~411,000 ETH route go Binance during the month. Jack Yi from Liquid Capital wey linked to founder admit say the firm call market bottom too early but say Trend Research go manage risk while dem dey wait for recovery. Another one, BitMine Immersion Technologies (managed by Tom Lee) get Ethereum-focused treasury of about 4.28M ETH and report more than $7 billion unrealized losses after dem buy ETH near $3,800–$3,900. BitMine don shift from BTC mining to expand ETH staking and plan validator network by 2026, targeting up to 5% of ETH supply. Key takeaways for traders: increased on-chain selling pressure and exchange inflows fit add short-term downward pressure and volatility to ETH; leveraged institutional treasuries get higher liquidation risk around the price bands mentioned; monitor large wallet flows and Aave positions for further sell signals or stabilization.
Bearish
Di kombin report dem dey point to immediate downside pressure for ETH. Trend Research quick liquidation of about ~400k ETH plus on-chain routing of roughly 411k ETH go exchanges don increase di sell-side liquidity wey dey available, and that fit push price down for short term. Di use of leverage and di identified liquidation bands ($1,562–$1,698) mean say if price enter those ranges again, e fit trigger more forced selling from similar institutional or protocol-backed leveraged positions. Big unrealised losses for BitMine and their plan to accumulate big ETH stake give another long-term demand story, but di present unrealised loss levels show serious mark-to-market risk wey fit make dem no accumulate aggressively until volatility calm down. For traders, expect higher volatility and possible downward pressure shortly; watch big wallet flows, Aave collateral ratios, and exchange inflows for signs of continued selling or stabilization. For medium-to-long term, accumulation by large treasuries and staking expansion na bullish structural factor, but only after price stabilize and deleveraging finish.