Yilihua has now become the largest ETH short seller! Currently holding 498,000 ETH, with a total value of approximately $1.1 billion, an average cost of $3,180 per ETH, and an accumulated loss of $605 million. Remaining leveraged loans amount to $743 million. Several loan positions have liquidation prices concentrated between $1,685.63 and $1,855.16, with the core range being $1,781–$1,808. In the past 4 days, a total of 153,500 ETH have been sold (average price around $2,294), cashing out approximately $352 million and repaying $266 million USDT to reduce leverage and lower the risk of liquidation. Today, another 30,000 ETH were transferred to Binance for sale to further reduce leverage. The more sold, the more prices drop, creating a vicious cycle. The current liquidation price remains in a high-risk range. If liquidation occurs, ETH will face a massive black swan event! At the same time, ETH could also hit a super bottom...