ChainCatcher reported, citing on-chain analyst Ai Yi, that Huang Licheng, described in the report as the “king of liquidations,” has been trimming an ETH long position. The position originally stood at 16,575 ETH and has now been reduced to 9,600 ETH. Based on the latest figure in the report, that remaining position is worth about $17.76 million. Ai Yi’s monitoring data also showed that the current market price is only $16 away from the liquidation level, leaving the trade very close to liquidation. The report did not provide more details on the platform, entry price, or the pace of the reductions.
Huang Licheng, described by ChainCatcher as the “king of liquidations,” is gradually reducing an ETH long position, according to on-chain analyst Ai Yi.
The position previously stood at 16,575 ETH and has now fallen to 9,600 ETH, worth about $17.76 million. The monitored data showed the current price is just $16 above the liquidation level, leaving the position very close to liquidation.
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