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

2 days ago 3

Lockridge Okoth

Mon, February 2, 2026 astatine 2:35 AM CST 3 min read

Trend Research, 1 of the largest Ethereum whales, is approaching a captious liquidation threshold amid ETH's caller downward trajectory.

The stakes for the institution reflector those of Tom Lee’s BitMine, whose Ethereum Supercycle stake is proving fatal arsenic prices decline.

Blockchain monitoring by @ai_9684xtpa reveals that the steadfast presently holds 618,246 ETH crossed six addresses. It has $1.33 cardinal successful WETH posted arsenic collateral and $939 cardinal successful stablecoins borrowed.

A sustained diminution successful Ethereum could trigger multi-billion-dollar liquidations, perchance reverberating crossed broader crypto markets.

As of this writing, Ethereum was trading for $2,226, down by astir 8% successful the past 24 hours. Meanwhile, the liquidation scope for Trend Research’s holdings is $1,781.09 to $1,862.02 per ETH, assuming nary borderline top-ups oregon presumption reductions.

Individual code thresholds exemplify the standard of risk:

TOP1: 169,891 ETH collateral, $258 cardinal borrowed, liquidation astatine $1,833.84
TOP2: 175,843 ETH collateral, $271 cardinal borrowed, liquidation astatine $1,862.02
TOP3: 108,743 ETH collateral, $163 cardinal borrowed, liquidation astatine $1,808.05
TOP4: 79,510 ETH collateral, $117 cardinal borrowed, liquidation astatine $1,781.09
TOP5: 43,025 ETH collateral, $66.25 cardinal borrowed, liquidation astatine $1,855.18
TOP6: 41,034 ETH collateral, $63.23 cardinal borrowed, liquidation astatine $1,856.57

In what appears to beryllium a proactive move, Trend Research precocious deposited 20,000 ETH (approximately $43.88 million) into Binance, signaling efforts to negociate hazard amid volatility.

This follows a broader inclination among Ethereum whales, with BitcoinOG and Trend Research collectively dumping $371 cardinal successful ETH implicit 48 hours to repay loans connected the DeFi lending level Aave.

Trend Research unsocial withdrew $77.5 cardinal successful USDT to repay astir each (98.1%) of its Aave debt, reflecting a strategical deleveraging alternatively than panic selling.