Add as a preferred source on GoogleHuang Licheng’s ETH Account Drops to $640,000 After $7.45M Loss
The account’s Ether long position has been cut to about $20 million from $92.88 million, with $640,000 remaining as margin.
Huang Licheng’s crypto account has fallen to a net asset value of about $640,000 after losing $7.45 million over the past seven days, with all remaining funds used as margin for Ether (ETH) longs.
The account’s Ether position is now worth about $20 million, down from approximately $92.88 million. The remaining position has an entry price of $2,626.94 and a liquidation price of $2,404.85.
Ether was trading at about $2,432 when the account figures were recorded. The position’s liquidation price remains below the market price, while the account’s remaining equity is limited to roughly $640,000.
The latest figures show the scale of the position reduction and the account’s recent losses as Ether continued to move lower.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.