Trend Research sends over 400,000 ether to Binance as liquidation risk rises

Arkham data cited in the report show Trend Research transferred 411,075 ETH to Binance since 1 February 2026. The moves coincided with a sharp drawdown in ether, which CoinMarketCap data cited in the article showed down almost 30% over the past week and briefly as low as $1,748 on 6 February 2026.

The report also pointed to a decline in Trend Research’s Aave position. On 1 February 2026, the firm held about 651,170 ETH in Aave Ethereum wrapped ether. By 6 February 2026, that balance had fallen by about 404,090 ETH to roughly 247,080 ETH, based on the figures cited.

Lookonchain wrote on 6 February 2026 that Trend Research faces multiple liquidation levels between $1,698 and $1,562. The article linked the risk to the firm’s accumulation approach, which onchain analysts have tied to Jack Yi, founder of Hong Kong-based crypto venture firm Liquid Capital. The strategy described involves buying ether, using it as collateral on Aave to borrow stablecoins, and then using the borrowed funds to acquire additional ether.

Yi posted on X on 5 February 2026 that he remained bullish, while acknowledging he had called a bottom too early and would continue to manage risk while waiting for a recovery.

Trend Research drew wider attention after the October 2025 market liquidation event, when it began accumulating ether aggressively. The report also noted that while Trend Research would have ranked among the largest ether holders in late 2025, it is unlisted and does not appear on many public trackers. Bitmine, described as the largest public corporate ether holder, was cited as sitting on about $8 billion in unrealized profit on 6 February 2026.