Trader Licheng Faces Mounting Liquidations, Carrying $524K Unrealized Loss on ETH

tx_pending_forever · 2026-01-28T20:08:48+00:00

Prominent trader Licheng faced significant losses, exiting Bitcoin and HYPE positions with a $70,600 loss. His Ethereum holdings experienced multiple liquidations, leading to a reduction of 775 ETH and a $37,200 loss. After depositing USDC, he increased his ETH long positions to 5,000 ETH, which are currently down $524,000, highlighting the risks of leveraged trading in volatile markets.

tx_pending_forever

2026-01-28 20:08:48

Abstract generation in progress

According to Hyperbot’s on-chain monitoring data reported by PANews on December 18th, prominent trader Licheng made several significant moves across his positions. In the early morning hours, he fully exited both his Bitcoin and HYPE long positions, crystallizing a combined loss of $70,600. The same trading session proved particularly turbulent for his Ethereum holdings, which experienced 17 separate liquidation events between 1:00 AM and 4:30 AM.

Substantial Position Unwinding and Capital Redeployment

The liquidation cascades across Licheng’s ETH portfolio forced a reduction of 775 ETH in long exposure while simultaneously triggering a $37,200 loss on those partial closures. During this volatile period, the trader responded defensively by depositing 149,900 USDC into his account—a move that preceded his decision to add another 350 ETH back into long positions, suggesting an attempt to maintain exposure despite the adverse market conditions.

Current Exposure and Mark-to-Market Impact

Licheng’s ETH long positions now total 5,000 ETH, currently worth approximately $14.14 million. However, this substantial holding is weighed down by an unrealized drawdown of $524,000—a significant mark-to-market loss that underscores the volatility traders face when holding large leveraged positions during uncertain market periods. The trader’s activity reflects the high-stakes nature of cryptocurrency trading, where rapid price movements can trigger cascading liquidations even for well-capitalized participants.

ETH-8,36%

BTC-7%

HYPE-12,05%

USDC0,03%

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