「Buddy」 Huang Licheng Reversely Points at ETH and HYPE Last Night, Intraday Principal Halved Again, with Only 480K Left

BlockBeats News, October 22, according to HyperInsight monitoring, at 12:13 AM today, Huang Licheng once again opened a high-leverage HYPE long position. Subsequently, he continued to chase the rise by adding to his ETH position within one hour and kept adding during the downturn. At that time, the nominal value of his HYPE position increased to $1.7 million, and the nominal value of his ETH position reached $10 million.

Four hours ago, as his ETH position approached liquidation, he was forced to close part of his HYPE long position at a loss and used all remaining funds to add to his ETH position to lower the average cost. Currently, the average holding price of ETH has been raised to $3952. The current unrealized loss of this position has exceeded 64%, with a liquidation price of $3749. At the same time, he has placed staggered sell orders to close his position in the range of $3950 to $4188. In addition, the total value of his account has once again been halved in less than a day, with remaining principal of $480,000.