Huobi’s Li Lin Denies Trend Research Links as $373M ETH Loss Shakes Market
The post Huobi’s Li Lin Denies Trend Research Links as $373M ETH Loss Shakes Market appeared on BitcoinEthereumNews.com.
TLDR: Li Lin confirmed no BTC or ETH sales from Avenir Group during market crash period Trend Research sold 658,168 ETH worth $1.35B at $2,058 average versus $3,104 cost Total losses reached $688M, erasing prior $315M gains for $373M net deficit Ethereum held above $2,000 after eight-day liquidation concluded on exchanges The founder of Huobi and Avenir Group has publicly rejected claims linking him to a major Ethereum liquidation event. Li Lin stated he maintained his Bitcoin and ETH positions during the recent downturn. His denial comes as speculation swirled about a Hong Kong fund triggering the market crash. Major Institutional Player Distances from Liquidation Event Li Lin oversees Avenir Group, Asia’s largest institutional Bitcoin ETF holder. The executive denied any investment ties to Trend Research or an entity called Garrett. His statement aimed to counter narratives suggesting his firm played a role in the selloff. Huobi and Avenir Group founder Li Lin have denied rumors that they are investors in Trend Research or Garrett, and stated that they did not reduce their BTC or ETH holdings during this market downturn. Avenir is the largest institutional holder of Bitcoin ETF in Asia. Earlier… pic.twitter.com/8U881BLtTF — Wu Blockchain (@WuBlockchain) February 8, 2026 Market participants had pointed fingers at Asian institutions during the price drop. Bitcoin fell below key support levels as Ethereum struggled to hold above $2,000. The rumors intensified as liquidations mounted across centralized and decentralized platforms. Wu Blockchain reported Li Lin’s position remained unchanged throughout the volatility. Avenir Group’s Bitcoin ETF holdings stayed intact despite market pressure. The clarification sought to separate his operations from the unfolding liquidation crisis. On-Chain Analysis Reveals Catastrophic Trading Loss Data from ai_9684xtpa showed Trend Research liquidated its entire Ethereum position. The entity moved 658,168 ETH to exchanges over an eight-day period. The…
Filed under: News - @ February 8, 2026 5:52 am