The 688 Million Dollar Fall: Will the Whale Abandon, $ETH Be Revived?

The cryptocurrency market has just witnessed one of the largest asset liquidations in history. Trend Research, an investment fund owned by Yi Lihua, has officially liquidated its entire holding of Ethereum.

The century's 'cut loss' development

In just 8 days at the beginning of February 2026, Yi Lihua sold a total of 658,168 ETH. With an average purchase price of about 3,104 USD but having to sell at around 2,058 USD, this fund incurred a massive loss of 688 million USD. All profits from previous cycles have been wiped out, and Trend Research's wallet now only has a negligible balance (0.165 ETH).

How did the market react?

Despite facing a sell-off pressure of more than 1.3 billion USD, the price of ETH still held firm above the psychological support level of 2,000 USD. The fact that the price did not drop further indicates that there is quite strong demand for bottom fishing in this area.

Is ETH about to recover?

Analysts are divided on the next trend for February 2026:

* Optimistic side: Technical indicators (RSI) show that ETH is in the 'oversold' zone. Some experts predict that ETH could technically recover to the range of 3,200 - 3,400 USD by the end of the month if it can maintain the current support level.

* Pessimistic side: The pressure from margin loans is still present. If it breaks the 2,000 USD mark, the price may slide to the range of 1,600 - 1,800 USD.

* Long term: Although the short term is quite volatile, the fundamental factors regarding the Ethereum network and Layer-2 remain unchanged.

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