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Onchain Lens data indicates that “Brother Ma” Huang Licheng holds a 25x leveraged long on ETH now showing an unrealized loss in excess of 120%. The position’s recorded liquidation price is $3,763.54, while the current Ethereum spot rate is approximately $3,788, putting the trade within roughly $25 of forced exit thresholds.
The proximity to the liquidation level materially elevates margin call and liquidation risk for that concentrated exposure; market participants should monitor exchange margin requirements, funding rates and order-book liquidity. This is a factual account of on-chain metrics and highlights the importance of active risk management and position sizing when using high leverage.
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