Trend Research, led by Yi Lihua, is reportedly required to liquidate 320,000 ETH to fully deleverage its Ethereum holdings, according to on-chain analyst Ai Ye. The firm currently holds 463,000 ETH, valued at approximately $998 million, with an average acquisition cost of $3,180 per ETH. The leveraged loan amount stands at $625 million, and the current liquidation range for multiple addresses is between $1,574.6 and $1,681.49, with an average liquidation price of $1,640.