Huang Licheng, known by his handle @machibigbrother, experienced seven liquidations over two days after opening a high-leverage position in Ethereum. According to Lookonchain monitoring, Huang had initiated a long position of 400 ETH, valued at approximately $744,000, with 25x leverage. The liquidation price for this position was set at $1,834.01, leading to significant financial repercussions as the market moved against him.
Huang Licheng Faces Seven Liquidations After High-Leverage ETH Bet
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