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Mah Ji Da Ge Reduces ETH Long Position by 734.46 ETH, Cutting Value by $2.17 Million

On-chain analyst Ai Yi reports Huang Licheng’s leveraged ETH position is currently worth $77.97 million, with a liquidation price of $2,141.29 and incurred funding fees of $813,000.

ETH

Summary

On September 13, Ai Yi reported Huang Licheng’s 15x leveraged ETH long position of 16,560 ETH, worth approximately $77.97 million, holds an unrealized profit of $4.93 million. The position was opened at $4,410.23, with a liquidation price of $2,141.29. The position has incurred $813,000 in funding fees.

Terms & Concepts
  • ETH long position: A position where an investor buys Ethereum with the expectation that its price will increase, profiting from price appreciation.
  • Liquidation price: The price at which a leveraged position is automatically closed by a broker or exchange to prevent further losses if the market moves against the position.