'Machi' ETH Long Position Liquidated, Totaling $2.28 Million

BlockBeats News, February 28: According to Coinbob's monitoring of popular addresses, the ETH long position of 'Machi' Huang Licheng was liquidated, with a total liquidation of 1,212 ETH, valued at approximately $2.28 million. This liquidation resulted in a loss of about $198,000. The current total balance of his contract account is only $33,600. He immediately opened another long position, with the current position size around $900,000 and a liquidation price of $1,863. Over the past five months, the address has attempted to go long on various cryptocurrencies a total of 162 times, including 18 attempts with ETH. In total, approximately $15.68 million has been net deposited into Hyperliquid. Almost every deposit has ultimately resulted in a loss.