According to on-chain data platform Onchain Lens’ monitoring on June 18, Huang Licheng (Maji Big Brother) was forced to liquidate most of his 25x ETH long positions after the market suddenly dropped, during which some liquidation occurred. He currently holds a 5x long position with 2,900 ETH; his unrealized loss is over $35 million, and his total loss is over $79.87 million.
Onchain Lens Monitoring Data: Huang Licheng’s Current Positions and Loss Summary
(Source: Hyperbot)
Onchain Lens’ on-chain monitoring records show that Huang Licheng currently holds 2,900 ETH in a 5x long position; his unrealized loss is over $35 million; and his cumulative total loss is over $79.87 million. The above figures come from on-chain publicly available Hyperliquid derivatives contract data.
Recent Trend Data in the Ethereum Derivatives Market
Coinglass data shows that, driven by ETH breaking below $1,600, open interest for major altcoins fell to 13.64 million ETH on Sunday, the lowest level since early May. On Monday, after ETH rebounded to above $1,700, open interest recovered slightly. Since May 28, the market cap of Ethereum futures has decreased by about 2 million ETH, reflecting strong hedging sentiment among leveraged traders.
In terms of funding rates, since the rate reset on June 5, funding rates have been fluctuating between positive and negative values. Before this reset, funding rates had remained positive for nearly a month in a row. After the reset, they were pushed into negative territory, indicating that longs have been unable to regain dominance.
In the spot market, U.S. spot Ethereum ETFs recorded a net inflow of $9.6 million on Tuesday (SoSoValue data), marking net inflows for the second consecutive trading day; however, exchange ETH reserves have slightly decreased over the past two days.
Huang Licheng Joins the Investor Lineup for the Taiwan Version of 《Shark Tank》 in the Same Period
During the same period, Huang Licheng announced that he would join the investor lineup of《Shark Tank Taiwan》, launched by Wei Lai TV Network together with Sony Pictures Television, as a shark investor. The five investors announced by the show include: Huang Licheng, Lin Zhi-chen, general manager of Taiwan Mobile, Liu Yicheng, vice chairman of Dingshang Venture Capital, Gu Wan-zhen, co-founder of Relove, and Tanaka Akio, founding partner of the Japanese venture capital firm Headline Asia.
In an interview, Huang Licheng said that upon learning that Taiwan would launch the official 《Shark Tank》, he almost had no hesitation and agreed to join, adding that he hopes the program can help more Taiwan entrepreneurs obtain capital and resources and expand into overseas markets.
Frequently Asked Questions
Why was Huang Licheng’s ETH position partially liquidated rather than fully liquidated?
According to Onchain Lens monitoring, what Huang Licheng was forced to close was “most” of his 25x long position, not all of it. What he is currently keeping is a 5x long position with 2,900 ETH, and his leverage multiple has been significantly reduced. Partial liquidation is typically carried out by the exchange when margin is insufficient in order to preserve part of the position.
After 10 forced liquidations in the prior 8 hours, why could Huang Licheng continue to go long?
According to reports, after his account shrank to about $52,000, Huang Licheng topped up margin again and increased his long exposure to ETH with 25x leverage, holding more than 1,000 ETH. This is the publicly available on-chain record on the decentralized derivatives platform.
Does the net inflow of U.S. spot Ethereum ETFs indicate a rebound in ETH institutional demand?
Based on SoSoValue data, Tuesday’s net inflow was $9.6 million, the second consecutive trading day with net inflows. However, the article notes that these two indicators’ weak figures still reflect insufficient confidence from retail and institutional investors, and do not yet represent a significant shift in trend.
