The post says that the ETH long position was reduced by 1,424.22 units, but the address ownership and on-chain transaction have not been verified.
Article
🐳 【Machiji Huang Licheng】ETH Long position take-profit!
💰ETH Long position reduction 1,424.22 units, equivalent to 2,210,200.20 USD▫️ Position size: 97,587,107.30 USD▫️ Average entry price: 2,669.78 USD → 2,669.75 USD▫️ Current P&L: +806,367.86 USD (+20.66%)
▫️ Current coin price: 2,691.99 USD▫️ Liquidation price: 2,556.35 USD📌 Address: 0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872🔥 Note: This trader previously profited from blue-chip NFT; after becoming active this year, starting from October they suffered massive drawdowns in succession, with funds shrinking from over to several hundred thousand USD. 🔥
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Key points
01
The post states ETH the long position was reduced by 1,424.22 units, equivalent to 2,210,200.20 USD。
02
The position size listed in the post is 97,587,107.30 USD。
03
The average entry price listed in the post changed from 2,669.78 USD to 2,669.75 USD。
04
The post listed current profit/loss as +806,367.86 USD (+20.66%).
05
The current coin price listed in the post is 2,691.99 USD, and the liquidation price is 2,556.35 USD。
06
The address provided in the post is 0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Long position reduction” means reducing a bullish ETH contract position. The post calls this operation “take-profit” and also lists the remaining position, average entry price, P&L, current coin price, and liquidation price; these are all data disclosed in the post, and the original text does not provide on-chain transaction records that can be independently verified.
Why it matters to readers
The relatively large reduction amount indicates that the address reduced part of its ETH long position. It only reflects the activity of the single address referred to in the post; the original text does not demonstrate how it would affect the overall ETH market.
Beginners should pay particular attention to the distinction between “position reduction” and “position closure”: a reduction only decreases the position and does not mean a full exit; the liquidation price is a reference price at which the position may be forcibly closed. Do not determine the market direction based solely on a single post.
Risks and unknowns
The original text alone cannot confirm that this address belongs to “Machiji Huang Licheng”.
It cannot be confirmed whether the reduction of 1,424.22 units ETH in the long position has actually been completed on-chain.
The original text provides no transaction hash or other independent verification materials.
The claims that the trader “previously profited from blue-chip NFT” and that funds suffered drawdowns and shrank cannot be confirmed.
Related Developments
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The “take-profit” stated in the title does not mean that specific profits have been proven to have been realized.
Related concepts
Long Position
This term is not in the glossary yet. Browse related concepts in the glossary.
