#加密生态动态追踪 $ETH Leverage Explosion Revelation: A Blood Lesson from a $2.44 Million Weekly Loss

The cryptocurrency market recently staged another thrilling liquidation drama. On December 12th, well-known trader Huang Licheng experienced a series of margin calls, with a single liquidation cutting away 6,489 ETH, resulting in a direct loss of $720,000. His account equity instantly shrank to just $340,000. Looking at the trading records over the past week, the total loss has approached $2.44 million — and this is just one person's story.

The most heartbreaking part is that after the liquidation, Huang Licheng still has a long position of 2,500 ETH in his account, with a theoretical value of about $7.79 million, but due to the current liquidation line ($3,074.62), he is floating at a loss of $314,000. Once active in the community, now continuously being liquidated under leverage — it's truly quite ironic.

In contrast, the entire Ethereum market experiences intense volatility as a matter of course — as seen from ETH's big swings. Even experienced and renowned participants have been swept away by leverage trading. How should ordinary investors survive more steadily in this risk-filled market? Should they consider risk hedging, or simply stay away from high-leverage traps? Share your thoughts in the comments.