「Whale」 Faces Liquidation in High Leverage Long Squeeze, Account Loses $2.35 Million but Still Holds $114 Million Long Position

BlockBeats News, August 30th. According to on-chain analyst Yu Jin, the "Whale Brother" Huang Licheng's high-leverage liquidation strategy is highly dependent on the market's one-sided uptrend. Once the market enters a period of consolidation or decline, even slight downward movements may trigger stop-loss orders and forced liquidation, leading to continued account depletion.

Over the past few days, both BTC and ETH have been oscillating at high levels, with overall price changes being insignificant. However, Whale Brother's account funds have decreased from $11.5 million to $8.8 million, a reduction of approximately $2.35 million, mainly due to frequent stop-loss liquidations during a minor price pullback.

Currently, his long position is valued at around $114 million, with about $100 million in ETH longs. The entry price is $2,463, with a liquidation price of $2,307. If ETH continues its one-sided uptrend, the leverage will continue to amplify gains. However, if the market remains volatile or turns bearish, he may once again face forced liquidation, resulting in a loss of approximately $11 million of the profits from the previous uptrend.