$ETH Yili Hua can only wait for death now. Currently, Yili Hua's forced liquidation range is roughly between 1575-1681. The main ETH short sellers are dumping 15%, which could trigger a chain of liquidations, leading to Yili Hua's liquidation.
I think there's a 90% chance he'll get liquidated. To unload his leverage, he would need to sell 320,000 ETH, which is a full $640 million. Selling $640 million worth of ETH would be enough to push ETH to $1,000 directly. Liquidity no longer allows him to close his position.