PANews reported on February 2nd that, according to on-chain analyst Ai Yi, Trend Research's current holdings of 618,245.96 ETH are mainly distributed across six addresses. They have used $1.33 billion worth of WETH as collateral to borrow $939 million worth of stablecoins. A drop to the [$1,781.09 - $1,862.02] range will trigger liquidation (assuming no margin replenishment/position reduction). The following is a breakdown of the liquidation price for each address:

• TOP1 Holdings: Collateralized 169,891 ETH to borrow $258 million in stablecoins, liquidation price $1,833.84
• TOP2 Holdings: Collateralized 175,843 ETH to borrow $271 million in stablecoins, liquidation price $1,862.02
• TOP3 Holdings: Collateralized 108,743 ETH to borrow $163 million in stablecoins, liquidation price $1,808.05
• TOP4 Holdings: Collateralized 79,510 ETH to borrow $117 million in stablecoins, liquidation price $1,781.09
• Top 5 holdings: Collateralized 43,025 ETH to borrow $66.25 million in stablecoins, liquidation price $1,855.18
• TOP5 Holdings: Collateralized 41,034 ETH to borrow $63.23 million in stablecoins, liquidation price $1,856.57