Huang Liecheng's Crypto Position Wiped Out in Five Liquidations Amid Market Downturn

Leverage Backfires Amid Market Slide

In the wake of intense crypto market volatility, a high-leverage position linked to public figure Huang Liecheng suffered severe setbacks. On-chain analytics reveal that the address faced five consecutive liquidations today on its Ethereum longs, drawing widespread attention during this correction phase.

Position Details Revealed

The address currently maintains a 25x leveraged long position with 2,200 ETH at stake, valued at approximately $6.67 million. A drop below $2,991.43 could trigger further liquidation.

• Liquidations in one day: 5
• Current leverage: 25x
• Position value: ~$6.67M
• Total unrealized loss: $24.18M

This episode highlights the dangers of aggressive margin use in turbulent markets and serves as a cautionary tale for speculative traders.