Ethereum Investor Liquidates Significant Holdings, Experiencing Losses

On-chain analyst @ai_9684xtpa has reported significant liquidations affecting Ethereum investor Huang Licheng, also known as Machi. Over the past 11 hours, Machi has liquidated a substantial portion of his ETH holdings, resulting in a loss of approximately $246,000. His actions have involved both increases and decreases to his position. He initially increased his holding by 25 ETH at a price of $4,002.50 five hours prior, followed by substantial liquidations over the last 11 hours. Currently, Machi holds 585 ETH worth approximately $2.335 million. His liquidation price is set at $72.78.