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      Huang Licheng Faces Significant Losses in Cryptocurrency Trading

      Huang Licheng, a cryptocurrency trader, has reported a staggering loss of 11.27 million USD over the past week. On October 7, he made two significant reductions to his trading position, incurring actual losses of 1.01 million USD and 12,000 USD, respectively. This rapid decline in his trading account has left him with only 562,000 USD remaining.

      Despite the recent downturn, Licheng still maintains a long position of 7,150 ETH, valued at approximately 17.86 million USD, with a leverage of 25 times. However, the liquidation price for this position stands at 2,472.78 USD, which is alarmingly close to the current market price, just 26.52 USD away. Just two days prior, on October 5, his account had shown a profit of 5.46 million USD, highlighting the volatility and risks associated with cryptocurrency trading.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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