Ethereum Unwind: High-Value Positions Suffer as Market Slumps

Concerns are rising for Ethereum trader ‘Machi’ Huang Licheng as his substantial long position has incurred significant losses amid the ongoing cryptocurrency market downturn. HyperInsight reports that Huang’s unrealized losses on Ethereum have surged to $480,000, with a liquidation price of $3,776. This figure represents a sharp rise from his previously held unrealized loss of $291,300.