Yilihua has closed 2/3 of their leveraged ETH positions. 1. Yilihua is still selling coins. Some USDT hasn’t been transferred back on-chain yet and is still borrowed. The total borrowing is expected to decrease further, and it seems their goal is to lower the liquidation price to the $1500 range. 2. Yilihua’s ETH holdings have dropped from a peak of 650,000 ETH to the current 240,000 ETH, clearing 2/3 of their positions. This Yilihua ‘bomb’ has basically been defused. 3. In the past 13 hours, ETH has faced a concentrated sell-off of 220,000 ETH, but it’s still holding steady around the $1900 range. This shows strong market buying power and a strong intent to recover from the oversell. [Smirk][Smirk][Smirk][Smirk][Smirk][Smirk] [Evil grin][Evil grin][Evil grin][Evil grin][Evil grin][Evil grin]