Huang Licheng's Machi positions took another heavy hit today as the market deteriorated, triggering five consecutive liquidations on his long ETH holdings. According to data from lookonchain, the crypto trader's current position—holding 2,200 ETH with 25x leverage (worth approximately $6.67 million)—sits dangerously close to a liquidation price of $2,991.43. What's alarming is the cumulative toll: Machi-related liquidations have now spiraled into staggering losses totaling $24.18 million. The repeated margin calls underscore the brutal reality of extreme leverage during volatile market conditions. With Huang Licheng's Machi operations hanging by a thread, every price swing toward that $2,991 threshold could trigger another cascading collapse, adding fuel to the ongoing market turbulence.