The crypto investor is facing significant losses due to liquidation
According to on-chain detection by BlockBeats, Huang Licheng, known as 'Machi Big Brother', has suffered a new liquidation involving 6,489 ETH, resulting in a loss of $720,000. Currently, Huang holds a long position with only 2,500 ETH, valued at $7.79 million, with the last liquidation price set at $3,074.62, resulting in an unrealized loss of $314,000.
Huang's account now has a remaining balance of $340,000, having incurred a loss of $2.44 million over the past week.
