Machi Huang Licheng faces multiple liquidations in a short span, with total losses reaching $1.6 million due to leveraged ETH and HYPE trades, according to HyperInsight.
Cryptocurrency trader Machi Huang Licheng faced 10 liquidations in the past hour, resulting in $1.6 million in losses. The liquidations involved 480 ETH (about $900k) and 21,280 HYPE (around $702k). Despite a recent $275k deposit, Machi's funds fell below $50k, with ETH long positions just 1.6% away from the next liquidation.