ETH Long Position Liquidated at $2,792 for 400 ETH, Huang Licheng’s Position Falls to $4.52M

On-chain analytics firm Yu Jin highlights that the trader known as “Brother Ma Ji” Huang Licheng faced an ETH long liquidation during the recent price dip. The unwind occurred near $2,792 per ETH, involving 400 ETH and a notional around $1.12 million. After the event, remaining exposure sits near $4.52 million, underscoring how abrupt moves and margin dynamics can realign risk in crypto derivatives.

Concurrently, liquidity metrics show a $1 million infusion into Hyperliquid last week has dwindled to roughly $140,000 in available balance, signaling tightened capital availability for large-scale trading venues. The development emphasizes evolving risk controls and the value of on-chain transparency for participants tracking leverage in the cryptocurrency market.