Huang Licheng holds only 68 ETH; the liquidation price on his 25x long position is $30 away from the market price | $ETH 2322.94 (+0.47%)
This bearish news may cause some investors to sit on the sidelines for now. Whether they come back later depends on how the market moves. I usually mark the time a piece of news is released on the intraday chart, then compare it with subsequent price movements.

Crypto trading involves risks. Enter the market with caution.