Huang Licheng Faces Significant Losses in ETH and HYPE Trades

On January 31, Huang Licheng, also known as 'Brother Machi,' experienced a complete liquidation of his ETH and HYPE long positions, resulting in a loss of approximately $210,000. According to BlockBeats, this adds to a total loss of $1.57 million recorded over the past week. Following the liquidation, Huang promptly reopened a position, initiating a $510,000 ETH long position at an opening price of $2,533.72.