Largest Ethereum (ETH) Long in Asia Is Gone: But On-Chain Data Tells a Different Story
Trend Research, the buying and selling agency led by Liquid Capital founder Jack Yi, has totally exited its Ethereum positions, closing out what was as soon as Asia’s largest ETH lengthy, based on on-chain monitoring platform Arkham.
At its peak, Trend Research held roughly $2.1 billion in leveraged Ethereum lengthy positions, amassed by borrowing stablecoins towards ETH collateral.
Bullish Tweets, Brutal Exit
Arkham knowledge revealed that the agency closed its closing ETH place on Sunday. The exit resulted in a whole realized lack of roughly $869 million. Interestingly, the whole exit adopted a number of days of place reductions as Ether’s value declined towards the $1,750 stage, which triggered stress throughout leveraged positions in the market.
Notably, Yi had publicly reiterated his bullish outlook simply days earlier than the agency totally exited its ETH publicity. In a put up on X revealed 4 days previous to the ultimate exit, Yi mentioned Trend Research remained “bullish on the following main bull market,” and even predicted that ETH would transcend $10,000 and Bitcoin above $200,000. He described the agency as having made “partial changes to handle danger.”
Yi additionally addressed broader market circumstances in the put up, and spoke in regards to the lack of liquidity and alleged platform-driven manipulation. Despite these considerations, he maintained that the long-term trajectory of the crypto business remained intact. He additional asserted that present costs represented a lovely entry level for spot positions when considered on a multi-year horizon, whereas acknowledging that excessive volatility has traditionally pressured many bullish merchants out of positions earlier than subsequent rebounds.
Accumulation Trend During Market Stress
Amidst the market turmoil, Ethereum “accumulating addresses” – outlined as wallets with no historical past of outflows, balances of a minimum of 100 ETH, and no affiliation with exchanges, miners, or sensible contracts – at the moment maintain 27 million ETH, based on CryptoQuant’s evaluation. This determine represents roughly 23% of Ether’s circulating provide.
CryptoQuant additionally found that the altcoin has traded beneath the realized value of those accumulating addresses solely twice in its historical past. The first time was when the market hit a low in 2025, whereas the second has been unfolding since January 2026. This signifies that accumulating addresses have continued so as to add to positions regardless of current value declines and the pressured unwinding of leveraged trades
The put up Largest Ethereum (ETH) Long in Asia Is Gone: But On-Chain Data Tells a Different Story appeared first on CryptoPotato.
