According to Mars Finance, on January 20th, HyperInsight monitored that in the morning, "Maji" Huang Licheng opened a long position of 11 BTC at a price of approximately $92,858, with an opening value of approximately $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. Simultaneously, the address slightly stopped out its ETH long positions to proactively lower the overall liquidation price. Currently, its ETH long positions still amount to approximately $40.83 million, with an average holding price of $3,234, a floating loss of approximately $1.22 million, and a liquidation price of $3,110. Based on the current price, this position is only about 0.73% away from being liquidated. This trader previously profited from trading blue-chip NFTs, but since becoming active in contract trading in October of this year, he has experienced several significant drawdowns, and his account balance has shrunk significantly from over $100 million. This rapid opening and closing of positions continues his recent high-frequency, short-term trading style.
Huang Licheng, nicknamed "Maji," closed his BTC long positions to stop losses, and his heavily invested ETH long positions were only 0.73% away from liquidation.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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