According to on-chain analyst Ai Yi, if the price of ETH falls to the range of $1685.63 to $1855.16, multiple lending positions of Trend Research will face liquidation. Trend Research deposited 45,000 ETH, worth $105 million, to Binance today. Since February 1st, it has cumulatively deposited 118,500 ETH, worth $289 million. Compared to its peak holding of 661,200 ETH, it has sold 17.9%. The main position liquidations are as follows: 1. Collateralized 145,800 ETH to borrow $216 million in stablecoins, with a liquidation price of $1,791.06; 2. Collateralized 114,900 ETH to borrow $172 million in stablecoins, with a liquidation price of $1,807.05; 3. Collateralized 108,700 ETH to borrow $163 million in stablecoins, with a liquidation price of $1,808.1; 4. Collateralized 79,500 ETH to borrow $117 million in stablecoins, with a liquidation price of $1,781.06; 5. Collateralized 43,000 ETH to borrow $66.25 million in stablecoins, with a liquidation price of $1,855.16; 6. Collateralized 41,000 ETH to borrow $57.41 million in stablecoins, with a liquidation price of $1,685.63.