Trend Research, an investment firm affiliated with Liquid Capital, has largely liquidated its Ethereum position after suffering a loss of $747 million, according to data tracked by Lookonchain.
Started active accumulation of trend research $ETH in late 2025 through leveraged borrowing with Aave. Analysts believe that this company’s $ETH On January 20th, the number of vehicles in possession exceeded 650,000.
Markets are falling, but whales and financial institutions are buying $ETH.
Trend Research borrows $70 million USDT from Aave to purchase $24,555 $ETH($75.5 million), currently holding 651,310 $ETH($1.92 billion).
20,000 OTC Whales (0xFB7) were purchased $ETH($58.8 million) via #FalconX and #Wintermute. … pic.twitter.com/hGuO3OSs5P
— Lookonchain (@lookonchain) January 21, 2026
However, the recent market correction has undermined the whale’s position.
$ETH It fell below $1,900 on Thursday, widening its year-to-date loss to 37%. Despite rebounding above $2,000, $ETH Still down 55% over the past four months.
In response to market volatility and increased liquidation risk, Trend Research has reduced its activities. $ETH exposure.
The company returned $772,865, according to Friday’s report. $ETH On Binance for $2,326 after withdrawing 792,532 $ETH A series of purchases resulted in the stock trading at an average price of $3,267 from the exchange. Holds over 21,000 $ETH Worth approximately $44 million.
Trend Research has sold almost all of its assets. $ETH!
They withdrew 792,532 $ETH($2.59B) $3,267, 772,865 was deposited from #Binance $ETH($1.8B) Returns to #Binance for $2,326.
Only 21,301 $ETH($43.92 million) remains.
Total loss: $747 million. https://t.co/Odh9SnonLL pic.twitter.com/KnEKjr0l1N
— Lookonchain (@lookonchain) February 7, 2026
This week’s decline follows the massive market crash on October 10 last year, when around $19 billion of leveraged positions were liquidated. $ETH Down from a high of about $4,700. Since that incident, $ETH Cryptocurrency assets such as , have struggled to regain their pre-money levels.
