COINOTAG News, via HyperInsight, notes ETH briefly dipped to $3,011, prompting risk management actions. Huang Licheng partially closed about $4.81 million of his ETH long position, reducing the liquidation price risk. Remaining exposure runs near $11 million, with an unrealized gain of roughly $310,000 (≈71%), an average entry of $3,028, and a liquidation price near $3,010. The move highlights persistent ETH liquidation risk and how large traders adjust exposure on sudden price moves.
Earlier, a $1 million ETH long position was opened on the 24th. That position was partly liquidated yesterday, then stopped out, leaving a loss of about $730,000 and trimming the balance from nearly $3 million to ~ $220,000. A subsequent bottom-fishing approach used 25x leverage on another ETH long, with the balance now about $570,000, underscoring volatility and the risk profile of high-leverage bets in crypto markets.
Source: https://en.coinotag.com/breakingnews/eth-trader-huang-licheng-partially-closes-4-81m-eth-long-to-reduce-liquidation-risk-amid-25x-leverage
