Trend Research's liquidation price has moved down to approximately $1640, with 188,500 ETH being sold off in the past four days as stop-loss orders were placed.

According to crypto analyst Yu Jin, since the afternoon of February 1st, Trend Research has reduced its ETH holdings by approximately 188,500 ETH over the past four days at an average price of approximately $2,263, involving approximately $426 million. It has also repaid approximately 385 million USDT to reduce its leverage. Following this deleveraging, the liquidation price for several of its ETH borrowed positions has shifted to the $1,576–$1,682 range, primarily concentrated around $1,640. Trend Research currently still holds approximately 463,000 ETH.