Trend Research Deposits 20,000 ETH to Binance Amid Market Volatility

Trend Research deposited 20,000 ETH into Binance in a move that aligns with broader market activity as Ethereum continues to trade near $2,200. This follows a week of mixed performance for crypto ETFs, with Ethereum-focused products recording inflows while Bitcoin funds saw outflows. The deposit adds to a total of 316,185 ETH that Trend Research and Garrett Jin have moved to Binance over the past three days. According to reports

Ethereum spot ETFs experienced $14.06 million in net inflows on Feb. 3, according to SoSoValue data, after a period of outflows. This contrasts with Bitcoin ETFs, which faced a $1.61 billion outflow in January 2026. Analysts suggest that the inflows into Ethereum reflect selective demand, with large holders continuing to acquire ETH at lower price points. Data shows Ethereum spot ETFs recorded $14.06 million in net inflows.

The recent deposit by Trend Research is part of a broader trend of large holders reducing exposure or repositioning assets. Lookonchain reported that three dormant wallets spent $13.1 million to acquire 5,970 ETH at $2,195. The move to Binance may indicate preparation for potential selling or hedging against further price declines. According to reports

Why Did This Happen?

Ethereum's price has struggled to break through the $2,400 resistance level, leading to increased unrealized losses for large holders. Trend Research and other institutional players have taken steps to mitigate liquidation risk by depositing assets into exchanges. BitMine's unrealized losses are reported to be nearing $7 billion, prompting similar activity across the market. Reports indicate BitMine's unrealized losses are nearing $7 billion.

The total transfer count for Ethereum has surged to 1.17 million, a level last seen in 2018 and 2021 during periods of market tops and selloffs. Analysts note that such spikes often reflect heavy trading activity near local price extremes, suggesting elevated risk in the market. According to data, the total transfer count for Ethereum has surged to 1.17 million.

How Did Markets React?

Ethereum's price continues to hover near key support levels, with technical indicators showing a fragile market. A reverse head-and-shoulders pattern is forming, with the price clinging to the $2,200 Fibonacci level. Liquidation levels are reported to be around $1,800, increasing the potential for further downward pressure. Reports indicate liquidation levels are around $1,800.

Meanwhile, Solana and XRP ETFs have outperformed their Bitcoin and Ethereum counterparts, gaining net inflows in January 2026. This divergence in ETF performance underscores the shifting dynamics in the crypto market, as investors seek alternative opportunities amid Bitcoin and Ethereum's struggles. Data shows Solana and XRP ETFs outperformed their counterparts.

What Are Analysts Watching Next?

Analysts are closely monitoring Ethereum's ability to stabilize above $2,200 and whether institutional demand will shift back to the asset. Vitalik Buterin recently commented on the need for a rethinking of Ethereum's layer-2 strategy, emphasizing user choice over a hierarchical model. According to reports Vitalik Buterin has called for a rethinking of Ethereum's layer-2 strategy.

The U.S. Treasury has also weighed in on the broader regulatory environment, with Secretary Scott Bessent criticizing crypto insiders who resist regulation. This signals potential policy changes that could affect Ethereum's ecosystem and market dynamics. According to reports the U.S. Treasury has criticized crypto insiders.

Institutional investors and treasury companies are also adjusting their strategies. Trend Research's deposit into Binance reflects a broader trend of risk management, as the market approaches potential liquidation levels. The company's holdings have dropped significantly, as it has moved over 400,000 ETH to exchanges since the beginning of the month. Reports indicate Trend Research has moved over 400,000 ETH to exchanges.

Stablecoin and tokenization developments may offer additional growth opportunities for Ethereum. Nasdaq has proposed tokenized security trading, while Standard Chartered's CEO has highlighted the potential for blockchain settlement. These shifts could enhance Ethereum's utility and attract new institutional interest. According to reports Ethereum will be the year of tokenized security trading.

Ethereum savings accounts are also gaining traction as an alternative to staking. These products allow investors to earn interest without locking up their assets, providing a flexible option for yield generation. Platforms like Clapp are offering daily interest with no lockups, catering to investors seeking liquidity and transparency. According to reports Ethereum savings accounts are gaining traction.

The market remains in a state of flux, with regulatory and macroeconomic factors influencing investor sentiment. As Ethereum continues to face volatility, the next few weeks will be critical in determining whether it can stabilize and attract renewed institutional interest.