"Maji" forced to reduce a 3.2 million-sized ETH long position due to imminent liquidation, with weekly losses reaching $1.04 million

BlockBeats News, on March 31, according to Coinbob Hot Address Monitor, "Machi" Huang Licheng's ETH long positions are experiencing increasing unrealized losses, and the positions are once again close to liquidation. In response, he reduced his ETH long positions by 1,606 ETH, worth approximately $3.23 million, recording a loss of about $34,000. The position size was reduced from $11.35 million to $8.09 million, and the liquidation price was lowered to $2,006.

Looking back at this round of position building, this whale reopened long positions with less than $100,000 on March 26 after his original ETH long positions were liquidated, and successively added a total of $700,000 to continue rolling over the positions. However, this recent decline has pushed the account balance back to around $250,000, erasing all recent profits, with weekly losses accumulating to $1.04 million.