COINOTAG News, December 15, via Hyperinsight monitoring, notes a risk-off tilt as Bitcoin dips below the $88,000 threshold, dragging Ethereum, altcoins, and crypto-linked equities in US markets. The move highlights the sensitivity of leveraged crypto positions to spot-price shocks, with traders reassessing margin and liquidity risk. According to the report, prominent trader Huang Licheng—known as ‘Big Brother Ma’—faced liquidation anew, leaving a 25x ETH long exposure reduced to 2,300 ETH, valued at about $6.96 million, with a liquidation price near $3,009.

Earlier, Ma Ge saw a partial reduction of roughly 2,500 ETH, and within the last 45 minutes he topped up by 250,000 U and added 800 ETH to the long book. Such activity underscores the volatility and operational risk of extreme-leverage strategies in current market conditions. Investors should monitor margin requirements, funding rates, and risk management practices as Bitcoin and ETH spot and derivative flows evolve.