Major ETH Liquidation Hits Notable Crypto Investor
On-chain data shows a large ETH liquidation leading to significant weekly losses for well-known trader Huang Licheng.
On-chain detection reports indicate that investor Huang Licheng, also known as “Machi Big Brother,” has faced another major liquidation event. A total of 6,489 ETH was liquidated, resulting in an estimated loss of $720,000. Huang now holds a remaining long position of 2,500 ETH, valued at approximately $7.79 million, with the current liquidation price set at $3,074.62. His unrealized loss stands near $314,000.
According to recent data, the account’s balance has fallen to $340,000 after a week of volatility that led to cumulative losses of $2.44 million. This event highlights the high risk associated with leveraged positions, especially during sharp market movements.
Traders monitoring large wallets can use such cases as reminders to manage leverage conservatively and set clear risk limits.
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Disclaimer: Not Financial Advice
