'Machi' Huang Licheng Closes BTC Long Position at Stop-Loss, ETH Long Position Near Liquidation by Just 0.73%

BlockBeats News, January 20, according to HyperInsight monitoring, earlier this morning, 'Machi' Huang Licheng opened 11 BTC long positions at a price of approximately $92,858, with an opening value of about $1.017 million. Subsequently, at 14:20, the address closed the entire position, ending this short-term operation with a loss of approximately $22,000. At the same time, the address made a small stop-loss closure on its ETH long position to proactively lower the overall liquidation price. Currently, its ETH long position size remains as high as approximately $40.83 million, with an average holding price of $3,234, an unrealized loss of about $1.22 million, and a liquidation price of $3,110. Based on the current price, the position is only about 0.73% away from being liquidated. This trader, who previously profited from trading blue-chip NFTs, has faced significant drawdowns multiple times since becoming active in contract trading in October this year, with account funds shrinking significantly from over $100 million. This quick opening and closing operation continues their recent high-frequency, short-term trading style.