Institutional ETH Holder Capitulates With 772,865 ETH Deposit to Binance

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News According to an on-chain analytics platform, Ethereum bull Trend Research has sold almost all of its ETH in a capitulation move that has caught the attention of the market. Advertisement Before this time, Trend Research, a Hong Kong-based trading firm led by Liquid Capital founder Jack Yi, had spent recent months building a bullish (long) bet worth $2 billion on Ethereum by borrowing stablecoins from Aave, which were reportedly collateralized by Ethereum. The tide turned as Ethereum started falling in mid-January; the sell-off intensified at January's close with ETH's price hitting a low of $1,742 on Feb. 6, last seen in March 2025. HOT Stories Crypto Market Review: $500,000,000 in XRP Buying Volume, Shiba Inu (SHIB) Surprisingly Bullish, Will Bitcoin (BTC) Be Saved Before $50,000? Bitcoin (BTC): Fidelity Identifies $65K as 'Attractive Entry Point' Trend Research responded to the sell-off by liquidating its ETH, sending large amounts of ETH to Binance to repay its debt on AAVE. Advertisement Trend Research has almost sold all of its $ETH ! They have withdrew 792,532 $ETH ($2.59B) from #Binance at $3,267, and deposited 772,865 $ETH ($1.8B) back to #Binance at $2,326. Only 21,301 $ETH ($43.92M) is left. Total loss: $747M. https://t.co/Odh9SnonLL?from=article-links pic.twitter.com/KnEKjr0l1N — Lookonchain (@lookonchain) February 7, 2026 According to Lookonchain , the firm has now deposited 772,865 ETH worth $1.8 billion back to Binance at $2,326. Trend Research had initially bought 792,532 ETH worth $2.59 billion from Binance at $3,267, but now has sold a large portion of this with only 21,301 ETH worth $43.92 million left. An estimated total loss of $747 million has resulted from the fallout of this trade. Cryptocurrencies have been on shaky ground ever since the brutal sell-off in October that sapped market confidence. The selling increased this week in line with the unwinding of leveraged bets and broader market volatility. Advertisement You Might Also Like Tue, 02/03/2026 - 12:00 Millions in Ethereum Exit World's Largest Crypto Exchange, Is Sell-Off Over? By Godfrey Benjamin Investors have continued to rotate out of risk-on assets, prompting significant declines for major cryptocurrencies, especially on a weekly basis. At the time of writing, ETH was up 5.37% in the last 24 hours to $2,012 as the broader crypto market saw a rebound, but was down 24% weekly. What's next for Ethereum price? Ethereum saw a sharp rebound from a low of $1,742 on Feb. 6 as the daily RSI indicator reached deeply oversold levels. The recovery reached a high of $2,117 on Saturday, where it is currently facing some sort of resistance. If Ethereum declines sharply from this level, it might confirm this level as resistance. ETH might retrace toward $1,742, with the potential of now breaking beneath this support level increasing. The next support for ETH in this scenario will be $1,537. On the other hand, a break above $2,111 might cause sellers to lose strength, ETH might aim for $2,569 afterward. #Binance #Ethereum