Huang Licheng, known as Maji Big Brother, is holding an Ethereum long position worth nearly $100 million that is close to liquidation, according to BlockBeats, citing monitoring by TradingBeats. The position uses 25x leverage on 41,000 ETH. Its entry price was $2,443.44, while the liquidation price is $2,342.15 and the current price is $2,405. The position is now just $63 from liquidation. It has also given back most of its recent profits, recording a $4.3 million loss over the past week.
Huang Licheng, known as Maji Big Brother, is close to liquidation on an Ethereum long position worth nearly $100 million, BlockBeats reported on Sept. 2, citing monitoring by TradingBeats.
The position uses 25x leverage on 41,000 ETH and is valued at more than $98 million. It was opened at $2,443.44, with liquidation set at $2,342.15. ETH is currently priced at $2,405, leaving the position $63 from liquidation. Maji has given back most of his recent profits and lost $4.3 million over the past week.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
