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8h 20m ago

Ethereum (ETH): 5,000 ETH at 25x Leverage Faces $510K Unrealized Loss After BTC and HYPE Longs Are Liquidated

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Ethereum
Ethereum

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COINOTAG News, a crypto news outlet, citing Hyperinsight, reports that the wallet associated with Huang Licheng, nicknamed ‘Buddy’, liquidated the additional BTC and HYPE long bets added yesterday, realizing a loss north of $70,000. The account remains exposed to risk with a 25x leveraged long on ETH totaling 5,000 ETH, which carries an unrealized drawdown approaching $510,000. The trade’s entry price is $2,933.47 and the stated liquidation price is $2,734.46. Market participants should monitor margin dynamics and liquidity under ongoing volatility in the ETH/BTC corridor, as further mark-to-market moves could alter the risk/return profile for leveraged crypto positions.

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    Ethereum (ETH): 5,000 ETH at 25x Leverage Faces $510K Unrealized Loss After BTC and HYPE Longs Are Liquidated - Breaking News