「Whale」 Increases ETH Long Position to $14.4M, Doubling Down on Long with Principal Now Tripled

BlockBeats News, March 5th, according to Coinbob Popular Address Monitoring, "Buddy" Huang Licheng carried out a position rolling operation on his ETH long position, and the total position size has now increased to $14.4 million. After this operation, the average price of his ETH long position has risen from $2023 to $2066. The position currently has an unrealized profit of about $350,000, with a return rate of 60% and a liquidation price of $2035.

In addition, the address currently has a take-profit order set at $2130 to $2202 to plan to partially close a 10% position. Currently, this twentieth round of longing has rolled its $250,000 initial principal to $860,000 within two days, and the liquidation price has been adjusted from the entry price of $1949 to $2066.

This trader has previously profited from trading blue-chip NFTs, but has experienced massive drawdowns since becoming active in October last year, with the account funds shrinking significantly from over $100 million.