[Block Rhythm] The market has given another lesson.
Huang Licheng's Ethereum long position was directly cut down during this pullback. The previous $1 million bullet once had a floating profit that doubled to $2.08 million, but now the account balance is down to less than $270,000.
What's even more exciting is that the liquidation price of his position is set at $2842.59. If ETH really drops to this level, it would basically mean total annihilation. Playing with high leverage in this kind of market does feel a bit like dancing on the edge of a knife.
On-chain data is right there; this level of loss trajectory serves as a living risk textbook for other players.
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AirdropHuntress
· 15h ago
1 million to 270,000, this is the true face of high leverage. The data shows the liquidation price is 2842, a single fall can wipe you out. Need to study where the position structure went wrong.
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ApeEscapeArtist
· 15h ago
1 million for an All in, 2.08 million back to 270,000, this is the magic of high leverage, dancing on the edge of a knife is indeed not something everyone can do.
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AltcoinMarathoner
· 15h ago
ngl this is literally mile 20 of a marathon that shouldn't have been a sprint. 100 to 27 is what happens when you forget the fundamentals and chase leverage like it's the finish line. ecosystem stays solid tho, these pullbacks are just noise if you're thinking in quarters not days
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LiquidationWatcher
· 15h ago
bro seen this movie before... $208k to $27k is literally watching your health factor evaporate in real time. that liquidation price at 2842 is basically a loaded gun pointed at the portfolio ngl
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NFTRegretDiary
· 15h ago
1 million to 270 thousand, this is the cost of high leverage, you can't play against the market.
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TradFiRefugee
· 15h ago
1 million down to 270,000, this is the true reflection of high leverage.
Wait, his liquidation price hasn't been reached yet? That means he's still on the path of getting cut.
Brother Maji's million-dollar long order encounters liquidation again, and the account balance shrinks to 270,000.
[Block Rhythm] The market has given another lesson.
Huang Licheng's Ethereum long position was directly cut down during this pullback. The previous $1 million bullet once had a floating profit that doubled to $2.08 million, but now the account balance is down to less than $270,000.
What's even more exciting is that the liquidation price of his position is set at $2842.59. If ETH really drops to this level, it would basically mean total annihilation. Playing with high leverage in this kind of market does feel a bit like dancing on the edge of a knife.
On-chain data is right there; this level of loss trajectory serves as a living risk textbook for other players.