According to monitoring by Onchain Lens, well-known investor Huang Licheng's 25x leveraged long position in Ethereum was partially liquidated again as the market fell. Huang also voluntarily closed part of his position. This is not the first time the position has been liquidated; similar forced liquidation events occurred during previous market volatility.
On-chain data shows that Huang Licheng currently still holds a 25x leveraged long position of 2,200 ETH. Crucially, the liquidation price of this remaining position is only $22 away from the latest market price. If ETH drops another $22, the entire remaining position will trigger immediate forced liquidation by the exchange, putting all margin at risk.
In the crypto derivatives market, high leverage trades, especially at 25x and above, are extremely sensitive to price movements. Even a small market correction can quickly push a position into liquidation territory, leading to significant capital erosion. Huang Licheng's situation once again highlights the inherent liquidation risks of extreme leverage and the necessity of strict risk management.