「Whale」 Near Liquidation Forces Liquidation of 3.2M ETH Long Position, Weekly Loss Reaches $1.04M

March 31: Per Coinbob Popular Address Monitoring, Huang Licheng’s ETH long position is seeing **unrealized losses deepen**, with the position once again **on the verge of liquidation**. In response, he closed out 1,606 ETH long positions (equivalent to ~$3.23 million), posting a loss of ~$34,000. The position value dropped from $11.35 million to $8.09 million, and the liquidation price was subsequently adjusted down to $2,006. Looking back at this round of position-building: After his original ETH long position was liquidated on March 26, the whale opened a new position with under $100,000 and later added a total of $700,000 in margin for rolling positions. However, this latest ETH decline has once again cut his account balance to ~$250,000—erasing all recent profits. His **weekly losses total $1.04 million**.