Huang Licheng's 'Maji' address is experiencing significant losses as Bitcoin's price decline impacts its high-leverage position. On December 17, 2025, the address initiated a 40x long position in Bitcoin at $89,663.9, with a liquidation threshold set at $35,504.5. The position has now depreciated by 65%, incurring a floating loss of $52,000. Previously, the same account had recorded gains exceeding $300,000. The current market volatility has led to mixed predictions for Bitcoin's future price movements, adding uncertainty to high-leverage strategies like 'Maji's'.