BlockBeats News, January 20, according to... HyperInsight Monitoring shows that this morning, "Machi" Huang Li-cheng opened a long position of 11 BTC with approximately $92,858, with the total position value amounting to about $1,017,000. Subsequently, at 14:20, the address closed the entire position, and this short-term trade ended with a loss of approximately $22,000.
At the same time, the address slightly cut its long ETH position to actively lower the overall liquidation price. Currently, its long ETH position is still valued at approximately $40.83 million, with an average entry price of $3,234, resulting in a floating loss of about $1.22 million. The liquidation price is at $3,110. Based on the current price, this position has only about a 0.73% price decline left before it would be liquidated.
The trader previously profited from trading blue-chip NFTs in the early years. However, since becoming active in futures trading in October this year, he has experienced multiple significant drawdowns, and his account balance has notably shrunk from its previous value of over $100 million. This rapid opening and closing of positions continues his recent high-frequency, short-term trading style.