Trend Research sell most ETH after $747M loss, force big deleveraging
Trend Research, one investment firm wey dey connected to Liquid Capital, don commot big time from one leveraged Ethereum (ETH) position after dem realize say dem lose about $747 million, Lookonchain (on-chain tracker) talk. Di firm bin gather ETH with leverage for Aave late 2025 and dem report say dem hold pass ~650,000 ETH on January 20. Lookonchain talk say Trend Research withdraw about 792,532 ETH from Binance at average entry price near $3,267 and later put back about 772,865 ETH to the exchange at average price near $2,326, leave around 21,301 ETH (~$44M) for their books. The sell-off quicken as ETH crash — drop under $1,900 and fall about 37% YTD (about 55% in four months) — so dem force to deleverage to avoid margin calls. On-chain monitors put Trend Research liquidation thresholds between $1,430–$1,627 (avg ~$1,640). Since February 1, the entity don sell 411,075+ ETH, in total dem offload about 62% of their peak holdings and pay back roughly $526M loans. For one recent 10–12 hour window, the firm dump extra 170k–216k ETH (~$322M), and deposit 235,588 ETH to Binance to service debts, add more selling pressure for market. The unwind help break key EMAs and cause about $2.5B crypto-wide liquidations; other leveraged whales (like Hyperunit position) also suffer big losses. Traders suppose expect higher short-term volatility and concentrated selling pressure we fit push ETH below main supports (analysts warn risk to sub-$1,600 if $1,725 no hold). Main takeaways: big concentrated deleveraging by one whale, material realized losses (~$747M), higher liquidation risk around key supports for ETH, and raised volatility — all show say strict risk management dey necessary when trading ETH.
Bearish
Di good the news for ETH. One big, concentrated leveraged position (Trend Research) dem force sell after heavy losses, cause heavy market sell pressure and trigger broad liquidations (~$2.5B). The firm dey redeposit to Binance to cover debt and dem still dey offload (411k+ ETH sold since Feb 1, with recent dumps of 170k–216k ETH) wey dey increase short-term supply for market. On-chain liquidation thresholds between $1,430–$1,627 mean more downside risk if price dey near those levels, and analysts warn say if $1,725 support break, ETH fit test below $1,600. Short-term this go raise volatility, downside momentum, and liquidation cascades — bad for price. Medium-term, price impact depend on whether selling finish and market liquidity recover; if no more big concentrated sellers and wider demand return, downside pressure fit calm down. For traders: make una prioritize position sizing, stop-loss discipline, and monitor on-chain flows and exchange deposits, because concentrated deleveraging events for history don cause rapid downside spikes followed by different recoveries.