"Market Maker" Fearless in the Face of Liquidation, Continues to Buy the Dip, Loses Over $1 Million in the Past Week
BlockBeats News, June 3rd, according to HyperInsight monitoring, as Ethereum briefly dropped below $1900, the "Big Brother Whale" Li Cheng Huang's ETH long position was partially liquidated 4 times in the past hour. Subsequently, he initiated 6 more partial liquidations to add to his long position. Currently, he is long 600 ETH with 25x leverage, experiencing a floating loss of $35,000. In the past week, his perpetual contracts alone have lost $1.005 million.
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