According to a CoinJie Network report, as monitored by HyperInsight, with the market falling, Huang Licheng’s 25x leveraged long position of 1,100 ETH was liquidated, with cumulative losses exceeding $35 million. Currently, Huang Licheng still holds ETH long positions with a value of about $670,000.

ETH-1.11%
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TreatMemesAsBeliefs
· 12h ago
HyperInsight, this data is giving me the creeps—25x is insane.
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ReviewMonsterDoesn'tSleep
· 14h ago
1100 ETH wiped out in one go, this tuition fee is a bit expensive.
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FarmingNoSleep
· 14h ago
When the market falls, leverage is a meat grinder, and even Huang Licheng didn't escape.
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GateUser-a9315d81
· 14h ago
You really dare to play with 25x leverage, 35 million gone just like that.
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SlothSignal
· 14h ago
High leverage is gambling. If you win, you party with models; if you lose, you become a laborer.
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ProofOfVibes
· 14h ago
There are still over 670k long positions. Are you going to hold on to the bitter end or cut losses on a rebound?
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InstantNoodle-LevelResearcher
· 14h ago
Brother Machi's liquidation this round is too painful, can the remaining over 670k long positions hold up?
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