On August 28, on-chain monitoring platform HyperInsight flagged a substantial long position controlled by prominent trader “Brother Ma Ji” Huang Licheng. The position comprises 20,899 ETH tokens, currently valued at approximately 96 million dollars.
The position carries an unrealized loss of around 380,000 dollars based on current valuations. According to tracking data, Huang Licheng initiated this long position at an average entry point of 4,615.73 dollars per ETH. The liquidation threshold stands at 2,725.4 dollars, indicating a significant cushion before forced closure.
Current Market Context
Ethereum is trading in the 2,920 dollar range as of late December 2025. Huang Licheng’s unrealized loss reflects the volatility that has characterized ETH markets throughout 2024-2025. For context, the position would face liquidation only if ETH prices collapsed below 2,725 dollars—representing roughly a 7% decline from current levels.
Risk Assessment
The gap between the entry price (4,615.73 dollars) and current valuations underscores the inherent risks of leveraged ETH positions. While the liquidation buffer appears comfortable, major market corrections could rapidly alter this dynamic. Traders monitoring large positions like this one are watching for potential cascading liquidations if volatility spikes.
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Whale Alert: Huang Licheng's 20,899 ETH Position Faces Significant Paper Loss
On August 28, on-chain monitoring platform HyperInsight flagged a substantial long position controlled by prominent trader “Brother Ma Ji” Huang Licheng. The position comprises 20,899 ETH tokens, currently valued at approximately 96 million dollars.
The position carries an unrealized loss of around 380,000 dollars based on current valuations. According to tracking data, Huang Licheng initiated this long position at an average entry point of 4,615.73 dollars per ETH. The liquidation threshold stands at 2,725.4 dollars, indicating a significant cushion before forced closure.
Current Market Context
Ethereum is trading in the 2,920 dollar range as of late December 2025. Huang Licheng’s unrealized loss reflects the volatility that has characterized ETH markets throughout 2024-2025. For context, the position would face liquidation only if ETH prices collapsed below 2,725 dollars—representing roughly a 7% decline from current levels.
Risk Assessment
The gap between the entry price (4,615.73 dollars) and current valuations underscores the inherent risks of leveraged ETH positions. While the liquidation buffer appears comfortable, major market corrections could rapidly alter this dynamic. Traders monitoring large positions like this one are watching for potential cascading liquidations if volatility spikes.