'Machi' $14.7M ETH Long Position Turns from Profit to Loss, Liquidation Price at $2,024

BlockBeats News, March 6: According to Coinbob's monitoring of popular addresses, ETH saw a slight decline in pre-market trading for U.S. stocks. The 25x leveraged ETH long position held by 'Machi' Huang Licheng has turned from profit to loss. The current position size is approximately $14.7 million, with an average entry price of $2,070. The unrealized loss is $160,000 (-27%), and the liquidation price is $2,024, about 1.3% away from liquidation. This address previously set take-profit orders in the $2,085 to $2,202 range, planning to partially close a $2.32 million position. The account balance has now retraced from $860,000 to $450,000.