Huang Licheng Holds $124M ETH Longs, Faces $4.17M Loss
Crypto whale Huang Licheng, known as “Brother Ma Ji,” holds a $144 million leveraged position across ETH longs and HYPE longs, now carrying an unrealized loss of $4.17 million. His portfolio includes 28,642 ETH longs valued at $124 million—opened at $4,443 with a $3,274 liquidation price—incurring a $3.37 million deficit. Additionally, 460,000 HYPE longs worth $20 million show a $0.8 million shortfall. This ETH longs position underscores the risks of large leveraged bets amid Ethereum volatility and highlights the potential for forced liquidations to amplify market pressure.
Bearish
Huang Licheng’s sizable leveraged ETH longs—now down over $3.3 million and approaching a liquidation threshold—raise the prospect of forced sell‐offs that could intensify downward pressure on Ethereum in the short term. His combined unrealized loss of $4.17 million echoes past whale liquidations (e.g., March 2023) that triggered market dips. While volatility might stabilize over time, the current loss position and looming liquidation risk point to bearish sentiment and elevated near-term downside risk.