Kan Ye Wallet: Sells 1390 ETH to Cut Liquidation Risk

@ai_9684xtpa flagged that a wallet tied to trader Kan Ye began dumping ETH in batches six hours after the Binance theft disclosure, offloading 1390 ETH at a $2275.6 average to ease liquidation pressure and realizing a $317000 loss on the $3.163 million sale.

The address still holds 19506.17 ETH as collateral for $27.67 million in borrowed stablecoins at a 1.31 health factor, with liquidation triggered only if ETH drops to $1689.59.

Price action on the 4h chart shows ETH at $2234.08 inside a bearish structure defined by the EMA50 at $2353.94 and EMA200 at $2463.0, while the MACD death cross at -17.86 confirms trend weakness; with price testing the lower Bollinger band support at $2258.02 and RSI at 33.35 still neutral, the position faces immediate downside pressure that could accelerate toward the $1689.59 liquidation line unless a bounce reclaims the EMA50 resistance.