COINOTAG News, reporting on December 26, cites HyperInsight data indicating that a long Ethereum position linked to Huang Licheng’s “Friendship” address was liquidated at a loss exceeding $500,000. The trade comprised 8,100 ETH at 25x leverage, with an entry price near $2,972.52.
The liquidation price stood at about $2,870.73 as price action moved against the position. The address has registered losses of roughly $500,000 over the past seven days and around $3.91 million in the previous month, underscoring the risk profile of highly leveraged crypto bets.
Source: https://en.coinotag.com/breakingnews/ethereum-long-position-liquidated-for-over-500k-on-25x-leverage-8100-eth-entry-2972-52-liquidation-2870-73
