Ethereum Long Position of Huang Licheng Nears Liquidation After Recent Losses

On September 2, a nearly $100 million Ethereum long position held by Huang Licheng was reported to be close to liquidation, with the position only $63 away from the liquidation price. According to BlockBeats On-chain Detection, Huang opened a 25x leveraged long on 41,000 ETH at an entry price of $2,443.44 and a liquidation price of $2,342.15. The position was valued at more than $98 million, while ETH was trading at $2,405 at the time of reporting. Huang has given back most of his recent gains and has recorded a loss of $4.3 million over the past week.