#ETH巨鲸增持 The well-known figure in the crypto world, Huang Licheng (Maji Brother), has once again encountered a large liquidation, and this time the price drop is particularly severe.

On December 1st, the price of ETH fell below the 2900 USD mark, with a decline of over 5% within 24 hours. On-chain data shows that his long position on the Hyperliquid platform triggered a forced liquidation at the 2792 USD level, leading to the instant liquidation of 400 Ethereum, with paper losses approaching 1.11 million USD. Even more shocking, the 1 million USD principal injected into the platform just last week has now left the account balance at only 140,000 USD - a decrease of 86% in just a few days.

This is not an isolated incident. It is understood that Huang Licheng's account once approached a scale of 60 million dollars at its peak, but due to a long-term strategy of using 25x high leverage to bet on $ETH , he went from a profit of tens of millions to a cumulative loss of over 20 million dollars, all within just a few months. Currently, his account still holds a position of 4.52 million dollars, and there is only a 20 dollar price difference to the next liquidation threshold, putting him in a very dangerous situation.

On that day, approximately 170,000 traders across the network were liquidated, with a total amount reaching $500 million. The high leverage risk was fully exposed under market fluctuations. This former NFT whale demonstrated the brutal side of leveraged trading with real money—do you think he will cut his losses and exit, or will he continue to hold on? The market trend will depend on whether $BTC can maintain key support.