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Yilihua's affiliated institution Trend Research has collateralized 175,800 ETH on AAVE, borrowing 274 million USDT. The original liquidation price was $1,800, but it was impossible to liquidate at that price. They have already started gradually selling to reduce leverage. Currently, the liquidation price has dropped to $1,558. Many institutions are waiting to buy the dip.
These points are actually market panic triggered by news. I don't know how many people can't sleep during this correction, but I still stick to my view: the bull market is not over, and the correction is just to clear contracts and leverage, aiming for a better rise later.