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Yihehua is about to complete the deleveraging process and has transferred 98% of their ETH position to a CEX after removing leverage.
BlockBeats News, February 7th, according to on-chain data analyst Wu Jinyan's monitoring, Yi Lihua's Trend Research has cumulatively transferred 630,400 ETH (approximately $1.294 billion) to Binance. Currently, only 21,300 ETH (approximately $43.94 million) remains on-chain.
96% of its ETH has already been transferred to the exchange, far exceeding the amount needed to deleverage, indicating a high probability of a complete liquidation.
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