In-depth Analysis: Full Deleveraging Would Require Liquidating 320,000 ETH

The Impact of Deleveraging

According to recent on-chain analysis, if Trend Research chooses to fully deleverage, it would need to liquidate up to 320,000 ETH at current market prices. Such a move could significantly impact the broader market.

Holdings and Liquidation Ranges

Trend Research currently holds 463,000 ETH, valued at approximately $998 million, with an average cost basis of $3,180. The firm has leveraged borrowing of $625 million, and multiple addresses are at risk of liquidation between $1,574.6 and $1,681.49, with an average liquidation price around $1,640.

Potential Market Risks

• Large-scale ETH selling could trigger increased market volatility.
• Liquidation pressure may influence ETH price trends.
• Deleveraging could impact on-chain liquidity conditions.