Trader Huang Licheng Cuts Leveraged Ether Long to 600 ETH Near Liquidation

Cryptocurrency trader Huang Licheng downsized a 25x leveraged Ethereum long position to 600 ETH after Ether fell to $2,281, leaving the trade just $30 above its $2,251 liquidation price. The remaining exposure was valued at around $1.372 million. The defensive reduction followed days of aggressive expansion; the position held 5,000 ETH on November 2 with $110,000 in floating profits and reached 6,699 ETH on November 5 at an average entry of $2,359.82, generating over $500,000 in unrealized gains before the market reversed.