Huang Licheng's Ether Long Shrinks to $20 Million Following $7.45 Million Loss

Trader Huang Licheng's account value fell to approximately $640,000 following $7.45 million in losses over seven days, leaving his remaining $20 million Ether long position near liquidation. The position, with an entry price of $2,626.94 and an estimated liquidation threshold of $2,404.85, faced imminent risk as Ether traded near $2,432. The contraction follows a rapid decline from an initial leveraged long of about 39,000 ETH valued at nearly $99.8 million on October 7, which was reduced to $54 million before further shrinking.