According to @ai_9684xtpa, Arkham on-chain data shows Trend Research holds 626,778.65 ETH valued around $1.94B with an average cost near $3,105.5, putting ETH price action near a key whale cost basis level for P&L sensitivity, source: @ai_9684xtpa on X; Arkham Intel explorer entity 474d1c43-f6a9-480a-a4ba-fef4544f34d2. Since the disclosed full allocation during Nov 23–26, five of six tracked tokens are up with BCH +19.6% and WLFI +15.46%, while ASTER is the only decliner at −53.54% and was cut via stop-loss; hit rate 83.3%, source: @ai_9684xtpa on X. For trading, prices below $3,105.5 place the ETH position under its average cost and above it back in profit, making ~$3.1k a visible on-chain reference level for liquidity and risk management, source: Arkham Intel explorer entity 474d1c43-f6a9-480a-a4ba-fef4544f34d2; @ai_9684xtpa on X.