It seems that Boss Yi's move is not just about unwinding leverage; it should be a complete liquidation: As of now, they have transferred 630,400 ETH ($1.294 billion) to Binance, leaving only 21,300 ETH ($43.94 million) on-chain. 96% of the ETH has already been transferred to exchanges, a quantity far exceeding what is needed to sell off the leverage, so it is highly likely that they are liquidating everything. --------------------------------------------------------- This article is sponsored by @Bitget｜Bitget VIP, lower fees, better benefits.