Yilihua has closed 2/3 of the leveraged ETH positions. 1. Yilihua is still selling coins right now. Some USDT hasn’t been transferred back on-chain yet and there are still loans outstanding. In the end, the total loan amount is expected to decrease further. It seems the goal is to lower the liquidation line to around $1500. 2. Yilihua’s ETH holdings have dropped from a peak of 650,000 ETH to the current 240,000 ETH, clearing out 2/3. This ticking time bomb has basically been defused. 3. Over the past 13 hours, ETH has faced concentrated selling pressure of 220,000 ETH, yet it’s still holding steady around the $1900 level. This shows strong market buying interest and a clear intention to recover from the overselling.