COINOTAG News, December 1 — According to monitoring by @EmberCN, the latest market downturn saw an Ethereum long position tied to the wallet of Huang Licheng undergo partial liquidation, reflecting continued margin stress in a volatile environment.
The position originated from a $1 million deployment and expanded to approximately $2.08 million before liquidity events trimmed the exposure, highlighting the rapid leverage dynamics within the Ethereum market.
Current readings show the address balance below $270,000, with the remaining long position liquidation price set at $2,842.59, indicating potential further risk if price action turns decisively lower.