Huang Licheng Loses $1.825M on 25x Ethereum Leveraged Position

Crypto trader Huang Licheng is facing a substantial loss of $1.825 million on his leveraged Ethereum position. This comes as his 25x leveraged long position in Ethereum has incurred a floating loss of approximately $1.925 million, according to on-chain data, with the current value sitting around 7,750 ETH. The lack of official responses from exchanges like Binance or OKX adds uncertainty to the situation. 7,750 ETH is significant enough to spark concern about the potential impact this position could have on Ethereum’s price.