According to crypto analyst Ai (@ai_9684xtpa), as ETH continues to decline, Trend Research's main ETH collateralized positions, without requiring additional margin or reducing positions, have liquidation prices concentrated between $1781.09 and $1862.02. Data shows that Trend Research currently holds a total of 618,245.96 ETH, distributed across 6 addresses, with a total collateralized WETH of approximately $1.33 billion and stablecoin lending of approximately $939 million. The largest single position collateralizes 169,891 ETH, with a liquidation price of approximately $1833.84; another major position collateralizes 175,843 ETH, with a liquidation price of approximately $1862.02; the remaining positions have liquidation prices of approximately $1808.05, $1781.09, $1855.18, and $1856.57 respectively. Overall, if the price of ETH falls further into the aforementioned range, related positions will face the risk of concentrated liquidation.