Yi Lihua's Fund Sells 47,000 ETH, Faces $1509 Liquidation

Edgen Crypto

·Feb 06 2026, 07:27

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Key Takeaways

An Ethereum whale associated with Yi Lihua has executed large-scale sales to avoid a major liquidation event, placing significant pressure on the ETH market. The entity sold nearly $90 million worth of ETH and has repositioned for a potential defense of its holdings.

Massive Sale: Trend Research, the entity in question, sold approximately 47,000 ETH valued at around $89.29 million to prevent a forced liquidation.
New Liquidation Zone: The sale has adjusted the position's liquidation price to a critical range between $1509 and $1800, creating a new level for markets to watch.
Binance Deposit: A subsequent deposit of 20,000 ETH to Binance suggests the whale may be preparing for further sales or collateral adjustments.

Yi Lihua-linked Fund Sells $89M in ETH to Dodge Liquidation

An entity associated with investor Yi Lihua, identified as Trend Research, sold approximately 47,000 ETH within a six-hour window to prevent the forced liquidation of a large leveraged position. According to on-chain monitoring service @ai_9684xtpa, the sale amounted to roughly $89.29 million. This defensive selling highlights significant financial distress for the large holder and introduces substantial sell-side pressure into the Ethereum market.

20,000 ETH Deposit Establishes New $1509 Risk Threshold

Following the major sale, Trend Research deposited an additional 20,000 ETH onto the Binance exchange. This action has reset its liquidation threshold to a new, wider range between $1509 and $1800 per ETH. The deposit to a centralized exchange signals that the entity is preparing for further action, which could include more sales to de-risk the position if Ethereum's price continues to decline. Should ETH's value fall into this liquidation zone, it could trigger a substantial automated sell-off, potentially causing a cascade of liquidations and amplifying market volatility.