Data: After less than 1 hour of adding positions to go long, Huang Licheng's ETH long position was liquidated for more than half of the position, and the current position value is 6.96 million USD

According to Hyperinsight monitoring, as Bitcoin fell below $88,000, it led to a decline in Ethereum, altcoins, and U.S. crypto stocks. Huang Licheng faced another liquidation, with only 2,300 ETH remaining in his 25x long position, valued at $6.96 million. The liquidation price for this position is set at $3,009.

Huang Licheng was partially liquidated for about 2,500 ETH this time, while 45 minutes ago, he had just deposited $250,000 to increase his long position by 800 ETH.