$ETH
Ethereum's "Liquidation Storm": Big Shot Huang Licheng's $20 Million Tuition Reveals Three Harsh Truths of the Market
In the early hours of yesterday, the Ethereum market once again staged a thrilling "harvesting" drama. Well-known player Brother Ma Ji Huang Licheng had his highly leveraged ETH long position ruthlessly liquidated as the price dropped, accumulating losses of up to $20.62 million since October. This is not only a Waterloo for individual investors but also a bloody footnote to the current structural transformation of the cryptocurrency market.
🔍 Liquidation Event: Not Just "Bad Luck"
· 🤯 What Happened? In the early hours of December 13, the ETH price fell, triggering the automatic forced liquidation of Huang Licheng's position (i.e., liquidation).
· 💸 How Much Was Lost? This is not an accidental defeat, but a "continuous blood loss" that started with the market crash on October 11, with total principal losses reaching $20.62 million.
· 🎭 What Happens Next? Dramatically, after the liquidation, he quickly replenished the contract platform with about $200,000, choosing to continue holding the long position.
⚔️ This is not gambling, but “professionals hunting amateurs”
High-Leverage Gamblers vs Calm Institutional Whales
· Huang Licheng and Others (High-Leverage Retail/Big Players):
· Strategy: Relying on extremely high leverage (rumored to be as high as 25 times), attempting to amplify profits.
· Outcome: Extremely fragile in the face of normal market fluctuations. Leverage is a multiple of danger, not a multiple of luck. No matter how much principal, a single reverse fluctuation is enough to be automatically cleared out by the system.
· Wall Street and Whales (Institutional Players):
· Strategy: Using spot funds to continuously and gradually accumulate during market panic declines.
· Action: Data shows that during this week's fluctuations, some institutional addresses quietly hoarded ETH spot worth up to $1.4 billion.
· Logic: Their goal is not to win a single bet but to collect long-term assets at a lower cost. Every panic sell-off in the market is their "shopping festival."
📊 一起来聊聊
💎 Remember, in this market, surviving is the only qualification to see the next bull market. The big shot's $20 million may only be tuition, while your principal may be your everything.