Following substantial losses, Huang Licheng faced additional liquidation on January 31, with new leveraged ETH positions opened amid continued market volatility.
On January 31, Huang Licheng’s ETH and HYPE long positions were fully liquidated, incurring about $210,000 in losses. His account has recorded $1.57 million in total losses over the past week. After the liquidation, he initiated a new $510,000 ETH long position at $2,533.72. This follows earlier reported losses of $2 million and highlights ongoing high leverage activity despite recent market downturns.