25x ETH Long Partially Liquidated, Rebuilt to $13.5M
On November 17, data from Onchain Lens showed that crypto whale Huang Licheng’s 25x leveraged ETH long faced a partial liquidation due to low available margin. Despite still holding a profit at the forced sell-off price, Huang quickly rebuilt his position. He now controls $13.5 million in ETH with an unrealized gain of $370,000. The event underscores the volatility of ETH trading and the risks of high-leverage strategies, including margin calls that can trigger liquidations even on profitable positions. Traders should track margin levels closely and use risk-management tools when trading ETH with high leverage.
Bullish
The news is bullish for ETH because a prominent trader doubled down on his position even after a partial liquidation, signalling strong confidence in Ethereum’s price outlook. Large rebuys by whales often lead to upward price pressure, as demonstrated in past events when significant long positions were added following margin calls, triggering buying momentum. In the short term, increased demand from this leveraged position could support ETH prices and reduce selling pressure. Over the long term, however, the high leverage highlights ongoing risks; sudden market swings could still prompt volatile liquidations. Nonetheless, the overall action suggests a positive sentiment among large investors, likely buoying ETH’s market stability and encouraging other traders to adopt bullish stances.