Whale ETH long positions face consecutive liquidations, losing over $100,000 in one day

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【ChainNews】Data shows that well-known trader Huang Licheng experienced a " Waterloo" in the past 24 hours. He cleared all BTC long positions and HYPE long positions 9 hours ago, with a single loss of $70,600.

Even more tragic is his ETH position. Between 1 a.m. and 4:30 a.m. today, a mere 3.5 hours, his ETH long positions were liquidated 17 times in succession, forcibly reducing 775 ETH, with an unrealized loss of $37,200. While being liquidated, he also fought back—depositing 149,900 USDC to add margin and continuously increasing his ETH holdings by 350 ETH in an attempt to lower the average cost.

Currently, his ETH long position remains stable at 5,000 ETH, worth approximately $14.14 million, but the unrealized loss has already expanded to $524,000. In just one day, this market movement resulted in a loss of over $100,000, demonstrating the fierce volatility of the crypto market.

ETH7.35%
BTC3.71%
HYPE7.59%
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GateUser-a606bf0cvip
· 12-18 02:43
Huang Licheng's recent wave was a bit tragic, with 17 liquidations... couldn't stop the losses, leverage really is a double-edged sword.
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DefiSecurityGuardvip
· 12-18 02:35
⚠️ CRITICAL: this is classic liquidation cascade pattern. 17 times? that's not volatility, that's exploit vector waiting to happen. dude's probably running on centralized exchange—zero MEV protection, zero DYOR on leverage mechanics. not financial advice but... AVOID leveraged positions immediately.
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