Huang Licheng’s Ether Long Position Faces Severe Pressure as Holdings Shrink

On July 17, Huang Licheng’s Ether long position remained under strong pressure, with holdings reduced from a peak of 16,575 ETH to 9,600 ETH. According to BlockBeats On-chain Detection, the position has been gradually cut and is now worth about 17.76 million dollars, while the account recorded a cumulative drawdown of 1.008 million dollars over the past 24 hours, leaving nearly all unrealized gains erased. The current position is only 16 dollars away from its liquidation price, putting it in a highly dangerous state.