Ethereum Holdings Experience Significant Liquidation

According to PANews, recent monitoring by on-chain analyst @ai_9684xtpa reveals that Ethereum investor Huang Licheng, known as Machi, has been experiencing substantial liquidation and reduction of his ETH positions. Over the past 11 hours, Machi has reduced his holdings by 1,590 ETH, incurring a loss of $246,000. Five hours ago, he increased his position by 25 ETH at a price of $4,002.50. Currently, Machi retains a position of 585 ETH, valued at approximately $2.335 million, with a liquidation price set at $72.78.