🚨 Whale’s high-risk position revealed! According to monitoring by TradingBeats, Machi Big Brother Huang Licheng is holding a 25x cross-margin leveraged long position of #ETH , totaling 36,200 ETH. The position is worth nearly $92.88 million, with an average entry price of $2,646.1, and is currently sitting on an unrealized loss of $2.828 million.
ETH is currently trading at $2,568, and his liquidation price is $2,508.2. A further drop of about 2.3% would trigger liquidation. He’s not the only one—several other highly leveraged longs are also in precarious positions. Two other 25x positions have full-position stop-loss orders set at $2,523, covering a combined 4,547 ETH. A further 1.8% drop from the current price would trigger concentrated stop-loss selling, so beware of the risk of cascading liquidations.
ETH is currently trading at $2,568, and his liquidation price is $2,508.2. A further drop of about 2.3% would trigger liquidation. He’s not the only one—several other highly leveraged longs are also in precarious positions. Two other 25x positions have full-position stop-loss orders set at $2,523, covering a combined 4,547 ETH. A further 1.8% drop from the current price would trigger concentrated stop-loss selling, so beware of the risk of cascading liquidations.