Ethereum whale Trend Research unwinds ETH position as losses reach $747M
Trend Research, an affiliate of Liquid Capital, is unwinding its large Ethereum position after incurring an estimated $747 million loss.Summary
The Liquid Capital-affiliated investment firm, Trend Research, is nearly exiting its substantial Ethereum holdings after suffering significant losses amounting to $747 million. Trend Research had aggressively accumulated over 650,000 ETH by late 2025, partly through leveraged borrowing on Aave. However, recent market corrections, including a plunge in ETH price below $1,900, severely impacted the position. In response to liquidation risks, the firm returned 772,865 ETH to Binance at an average price of $2,326, having withdrawn 792,532 ETH earlier at an average price of $3,267. Trend Research now retains only about 21,000 ETH, valued at approximately $44 million. This sell-off follows a major market crash on October 10 of the previous year, which liquidated about $19 billion in leveraged positions.
(Source：Crypto Briefing)