Huo Xing Cai Jing reports that on October 15, according to TradingBeats monitoring, Huang Licheng, known as "Maji," deposited 250,000 USDC to increase margin and increased his ETH long position to 3,100 ETH with 25x leverage, worth $7.37 million, at an entry price of $2,370.67 and a liquidation price of $2,333.56.
MarsBit: Huang Licheng Adds $250,000 in Margin to Increase ETH Long Position to $7.37M
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Summary
Huang Licheng, known as 'Maji,' added $250,000 in USDC margin to increase his 25x ETH long position to 3,100 ETH, valued at $7.37 million. The trade was executed with a clear risk-to-reward ratio in mind, as the position was opened at $2,370.67 and is subject to liquidation at $2,333.56.
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