Not Tom Lee’s BitMine: This Firm Faces Potential $1.33 Billion ETH Liquidation Amid 26% Price Drop

Core Insights - Trend Research, a significant Ethereum whale, is nearing a critical liquidation threshold of $1.33 billion as Ethereum prices decline [1][2] - The current trading price of Ethereum is $2,226, reflecting an almost 8% drop in the last 24 hours, with liquidation thresholds for Trend Research's holdings ranging from $1,781.09 to $1,862.02 per ETH [3] Group 1: Company Position and Actions - Trend Research holds 618,246 ETH across six addresses, with $1.33 billion in WETH as collateral and $939 million in stablecoins borrowed [2] - In a proactive risk management move, Trend Research deposited 20,000 ETH (approximately $43.88 million) into Binance to manage volatility [4] - The company has strategically deleveraged by withdrawing $77.5 million in USDT to repay 98.1% of its debt on the DeFi lending platform Aave [5] Group 2: Market Context and Trends - A broader trend among Ethereum whales is observed, with significant sales of ETH to manage debt, as seen with BitcoinOG and Trend Research collectively dumping $371 million in ETH over 48 hours [5] - The liquidation risks are highlighted by individual address thresholds, indicating potential multi-billion-dollar liquidations that could impact the wider crypto market [2][5] - The top liquidation thresholds for various addresses indicate significant borrowing against ETH collateral, with the highest being $258 million borrowed at a liquidation price of $1,833.84 [6]