Huang Licheng, nicknamed "Maji," closed his BTC long positions to stop losses, and his heavily invested ETH long positions were only 0.73% away from l...
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TL;DR
Huang Licheng (Maji) closed a BTC long position at a $22,000 loss and reduced ETH positions to lower liquidation risk. His remaining $40.83 million ETH long is near liquidation, with a 0.73% margin, amid a shift from NFT profits to high-frequency contract trading losses.
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BitcoinHalving TokensEthereumLayer 1Smart Contracts101Huang LichengBTC long positionETH liquidation riskcontract tradingMaji
According to Mars Finance, on January 20th, HyperInsight monitored that in the morning, "Maji" Huang Licheng opened a long position of 11 BTC at a price of approximately $92,858, with an opening value of approximately $1.017 million. Subsequently, at 14:20, the address closed the entire position, ending this short-term operation with a loss of approximately $22,000. Simultaneously, the address slightly stopped out its ETH long positions to proactively lower the overall liquidation price. Currently, its ETH long positions still amount to approximately $40.83 million, with an average holding price of $3,234, a floating loss of approximately $1.22 million, and a liquidation price of $3,110. Based on the current price, this position is only about 0.73% away from being liquidated. This trader previously profited from trading blue-chip NFTs, but since becoming active in contract trading in October of this year, he has experienced several significant drawdowns, and his account balance has shrunk significantly from over $100 million. This rapid opening and closing of positions continues his recent high-frequency, short-term trading style.