#以太坊行情技术解读 🚨Urgent! After well-known on-chain investor Huang Licheng suffered three liquidation losses totaling $50 million in November and then committed another $3 million leverage trade in December—can this bet reverse the tide this time?

**ETH 25x Long: A High-Stakes Gamble Only $85 from Liquidation**

The story begins with the series of liquidations in November. In just one month, Huang Licheng experienced three forced liquidations in ETH trading, losing a total of $50 million. His account was down to just $2,000 at its worst, but he didn't choose to rest—on the contrary, he decisively added more positions in December.

This time, he put up $3 million as collateral, directly welded a 25x leverage long at ETH $3100, with his total position now reaching $12 million. Even more疯狂, the liquidation price is precisely controlled at $3015—only $85 away from the spot market price.

**Life-and-Death Operation Details**

How dangerous is 25x leverage? Simple calculation: $ETH just needs a 7% increase to double the principal, but a 3% decline will trigger liquidation immediately. This isn't trading—it's using real money to hard fight the market.

He had four liquidations in a single week in October, losing $23 million; after entering November, ETH dropped below $3200, and he was forced to liquidate another $18 million. High risk but high-frequency losses, yet he always adds to his positions—"the more he loses, the more aggressively he adds" is the consistent logic.

**Multiple Strategies Compound Risks**

Besides grinding on ETH with 25x leverage, he's also frequently trading MEME coins with 10x leverage. The last HYPE crash even dragged his main positions into it, but this doesn't seem to stop him. Small coin volatility far exceeds mainstream coins, with risk factors maxed out.

**From $80 Million to Zero**

At his peak, Huang Licheng's account reached $80 million. Now, after consecutive liquidations, his funds have shrunk to almost nothing, but he still clings to the idea of "a big turnaround"—persistently fighting on, betting that $ETH will skyrocket to $4000.

Will this $12 million 25x long position become his turning point? Or will it face another bloodbath? Every market fluctuation tests that $85 liquidation line...

$BTC $ETH $DOGE