Trader Huang Licheng Reduces ETH Long Position With 28% Unrealized Loss on 25x Leverage

Huang Licheng, also known as "麻吉大哥", reduced an ETH long position on Jan. 23 while still holding a 25x leveraged long of 3,600 ETH worth about $10.49 million, Hyperinsight data cited by BlockBeats show. The position was opened at an average entry price of $2,945.42 with an unrealized loss rate of 28%, translating to roughly $110,000 in paper losses and a liquidation price set at $2,880.36.