Huang Licheng Adjusts ETH Range, Faces $10.35M Loss

Huang Licheng Adjusts ETH Range, Faces $10.35M Loss

Huang Licheng adjusted his ETH stop-loss and take-profit range to $4,242–$4,800, resulting in a $10.35 million floating loss. On-chain analysts report he holds long positions in ETH, BTC, HYPE, and PUMP with 25x leverage.

Huang Licheng’s adjustment of Ethereum trading limits reflects concerns over market volatility and leveraged positions’ impact on personal losses.

Huang Licheng, also known as “Maji Brother,” has adjusted his Ethereum trading strategy by setting his stop-loss and take-profit range between $4,242 and $4,800. This alteration caused a cumulative floating loss of $10.35 million, impacting his long positions in assets like ETH and BTC. On-chain analysts confirmed the details following direct monitoring.

“Brother Maji currently holds a total unrealized loss of 10.35 million USD in BTC, ETH, HYPE, and PUMP long positions. His ETH long order liquidation price is 3081 USD, and he has adjusted the take profit and stop loss range to 4242 USD to 4800 USD.”

His trading decisions caused notable market swings, as identified by observers.

The adjustments in the trading strategy prompted financial shifts for Huang and possibly affected market dynamics due to the sizable positions involved. The liquidation price for Ethereum stands at $3,081, escalating potential market volatility. According to analyst updates, the community expressed concerns over the risks of excessive leverage. Warnings regarding leveraged exposure risks have circulated among traders following this strategy change. The market must address potential liquidity issues, considering the magnitude of positions and the leverage applied. Conversations on social media stressed risk management and prudent trading expectations to mitigate repercussions.