Machi Big Brother Liquidated on 5,950 Ethereum Long Position, Analyst Says

According to on-chain analyst Ai Yi, Huang Licheng’s 5,950 ETH long was liquidated with a $555,000 hit, bringing the trade’s total loss to $1.095 million and 30-day losses to $4.009 million.

ETH

Summary

Machi Big Brother, identified in the report as Huang Licheng, was liquidated on a 5,950 ETH long position, according to on-chain analyst Ai Yi on May 28. The liquidation loss was reported at $555,000, while the trade’s total loss reached $1.095 million. Ai Yi also said Huang’s cumulative losses over the past 30 days totaled $4.009 million. The new report adds the trader’s name, attributes the information to Ai Yi, and provides the total loss on the liquidated trade.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, commonly used for payments, smart contract operations, and trading.
  • Long position: A market bet that an asset’s price will rise, allowing the trader to profit if the price moves higher.
  • Liquidation: The forced closure of a leveraged trading position by an exchange when collateral falls below required levels.