"Mommy" Huang Licheng partially closed out his long ETH positions; the current liquidation price is $3010.
AI Summary1 min read
TL;DR
Huang Licheng partially closed $4.81M in ETH long positions after a dip to $3011, lowering his liquidation price to $3010. He now holds $11M in ETH longs with a $310K profit, following earlier losses and new leveraged positions.
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Layer 1Smart ContractsHuang LichengETH long positionsliquidation pricecrypto tradingMars Finance
According to Mars Finance, on December 8th, HyperInsight monitored that in the past 3 hours, due to a brief dip in ETH to $3011, Huang Licheng partially closed out his ETH long positions, totaling approximately $4.81 million, to lower the liquidation price. His current ETH long positions amount to approximately $11 million, with a floating profit of $310,000 (71%), an average price of $3028, and a liquidation price of $3010. This address had previously transferred $1 million on the 24th to open ETH long positions. These long positions were partially liquidated yesterday, resulting in a loss of approximately $730,000, reducing the account balance from nearly $3 million to $220,000. He subsequently buy the dips more ETH long positions at 25x leverage and rolled over the position, currently holding approximately $570,000.