Ethereum Trader’s Leveraged Position Suffers Over $230K Unrealized Loss Amid Market Volatility

Ethereum investor 'Machi' Huang Licheng holds a highly leveraged 7,400 ETH position with significant unrealized losses exceeding $230,000. Despite a recent weekly profit of $200,000, the investor has incurred a loss of $3.46 million over the past month. The position uses 25x leverage with a liquidation price close to the current market, highlighting the risks of high leverage in volatile environments.