High-Risk Strategy Leads to Significant Losses for Huang Licheng

On March 23, Huang Licheng's leveraged Ethereum position was fully liquidated, according to BlockBeats. HyperInsight monitoring revealed that Huang Licheng, known as 'Machi Big Brother,' had his 25x leveraged ETH long position cleared. Shortly after the liquidation, he initiated another 25x leveraged ETH long position, continuing his high-risk trading strategy. Currently, the balance of the 'Machi' wallet stands at approximately $32,000, while cumulative losses have exceeded $30.35 million.