💥$ETH December 16th disaster! Brother MaJi's 25x leveraged ETH long position was precisely liquidated, directly wiping out at the $2870 level💥

Big names in the crypto world also can't escape the market’s scythe! On December 16th, "Brother MaJi" Huang Licheng's high-leverage ETH operation completely failed. The 400 ETH long position with 25x leverage was precisely liquidated after ETH dropped below $2870✅. The previously remaining $10 liquidation buffer disappeared instantly, and a huge amount of funds went down the drain😱

As early as the on-chain data warning, this long position was already floating with a loss of over 210%, with a liquidation price set at $2900.1. At that time, ETH was still hovering around $2910, already precarious. But as panic spread through the crypto market, ETH entered a 📉 unilateral downtrend, with a daily drop of up to 6.22%. The price plummeted from the high of $3447.44 to $2876, directly breaking the liquidation line. This long position was inevitably forcibly liquidated.

From the ETH chart, it’s clear that recent trends are dominated by bears, with trading volume increasing simultaneously. Over 530,000 ETH traded in 24 hours. Under the intense selling pressure, even such a big player in the circle couldn't withstand the deadly risk brought by high leverage. What's more thought-provoking is that he added to his position against the trend while still floating at a loss, and the more he added, the worse the loss became. Ultimately, the $12.2 million long position was completely wiped out.

Crypto friends' various speculations: some say he's bold and daring, others say he's a fool from a landlord’s family, rich but naive, and some worry that liquidation might trigger a chain reaction of panic selling. What do you think?

What is the significance of Huang Lixin’s liquidation this time?
✅ Is it to clear out the position through liquidation, making room for future layout?
❌ Or is it a misjudgment of ETH’s long-term trend, blindly holding positions leading to failure?
🕵 Or perhaps he cashed out some funds in advance, and the liquidation is just a smoke screen?

Tonight, the US non-farm payroll data will be released, and the trend is likely to fluctuate accordingly. It’s still uncertain whether ETH can hold above $2800. The big player’s massive loss from liquidation serves as a warning to all leverage traders — there are no "privileges" for big players in the market. Would you stay away from leverage or continue small-position trading? Let’s discuss together🚨🚨🚨

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