The cryptocurrency investment firm Trend Research has deposited approximately $1.8 billion worth of Ethereum onto Binance, signaling further institutional selling pressure. The firm is reportedly unwinding a massive $2 billion leveraged position, potentially facing $747 million in unrealized losses as Ethereum’s price declines. Key whale wallets also face liquidation risks near lower price thresholds.
Ethereum faced increased selling pressure as the firm Trend Research deposited a large supply of ETH to an exchange. This move indicates continued institutional selling within a weak market, following Bitcoin’s recent decline.
Trend Research has sold over 300,000 ETH in recent weeks as Ethereum’s price fell. This activity occurred while the broader cryptocurrency market experienced significant volatility.
The firm had previously established a leveraged long position worth $2 billion. This position was funded by borrowing stablecoins on Aave using ETH as collateral.
The anticipated market rebound did not materialize, leading to the position’s unwind. According to on-chain analysis, the firm now risks approximately $747 million in unrealized losses.
Jack Yi, founder of Trend Research, characterized the sell-off as a risk management tactic. “We are making adjustments to control risk,” Yi stated, while maintaining a long-term bullish outlook.
On-chain data also reveals mounting stress among other large Ethereum holders. Figures like Joseph Lubin and an entity called “7 Siblings” are approaching key liquidation price levels.
Ethereum’s current price is approximately $2,048, according to CoinMarketCap. Momentum indicators show the asset is at oversold levels not seen since 2024.
