Machi faces liquidation of 1,800 ETH with $540,000 unrealized loss
On Dec. 11, Lookonchain reported that the address associated with Huang Licheng, also known as Machi, was liquidated for 1,800 ETH due to price drops at $3,185.7 per ETH. The transaction was valued at approximately $5.73 million. The address currently holds a leveraged position of 7,200 ETH with 25x margin, worth about $22.93 million, and shows an unrealized loss of $540,000.