「Whale」 Licheng Huang liquidated his long position on BTC with a stop-loss, with his heavily leveraged long position on ETH only 0.73% away from liquidation

BlockBeats News, January 20th, according to HyperInsight monitoring, this morning, "Buddy" Huang Licheng opened 11 BTC long positions at a price of about $92,858 per BTC, with an opening value of about $1.017 million. Later, at 14:20, the address closed the entire position, ending this short-term operation with a loss of about $22,000.

At the same time, the address slightly stopped out its ETH long positions to actively lower the overall liquidation price. Currently, its ETH long position still amounts to about $40.83 million, with an average holding price of $3,234, a floating loss of about $1.22 million, and a liquidation price of $3,110. Based on the current price, this position has only about 0.73% downside remaining before liquidation.

This trader had previously profited from trading blue-chip NFTs, but since being active in futures trading since October this year, has encountered significant retracements multiple times, causing a significant shrinkage in the account balance from over one hundred million dollars. This rapid opening and closing operation continues his recent high-frequency, short-term trading style.