The latest on-chain update from COINOTAG News, tracked by @EmberCN on December 1, shows continued stress in the crypto market as a notable Ethereum long position tied to the wallet nicknamed “buddy,” associated with Huang Licheng, faced partial liquidation amid the downturn.
According to the monitoring, an initial deployment of about $1 million expanded the long exposure to roughly $2.08 million, highlighting elevated leverage in a volatile environment.
Current on-chain balances indicate the address holds under $270,000, with the remaining long-position liquidation price set at $2,842.59, signaling tightened risk thresholds for the position.
Industry observers note that persistent leverage requires disciplined risk controls, as on-chain indicators such as wallet balances and liquidation levels remain key inputs for assessing crypto liquidity risk and near-term price resilience.