Trend Research Cuts Over 400,000 ETH After Price Crash as BitMine Faces $7B Unrealized Loss

Trend Research rapidly reduced its Ether position by more than 400,000 ETH and sent large amounts of Aave-wrapped ETH to Binance within a week to manage leveraged debt exposure. Over the same downturn, Ether nearly fell 30%, putting Trend Research’s collateral at risk of liquidation and leaving BitMine Immersion Technologies with more than $7 billion in unrealized losses on its 4.28 million ETH treasury.