「Whale」 Long Position on ETH Leveraged to $19.9M, Ends up with a Net Loss of $2K in This Round

BlockBeats News, April 7th, according to Hyperinsight monitoring, "Buddy" Huang Licheng was forced to liquidate a large position on March 26th, with only about $90,000 left in the account. He later deposited $700,000 into Hyperliquid to replenish the funds and initiate this round of long.

Since the liquidation, he has deposited a total of $1.17 million into the platform, combined with the remaining account funds totaling $1.26 million. Although there have been no withdrawals during this period, due to continuous compounding and increasing holdings, the actual account funds are currently about $1.24 million, indicating a net loss of about $20,000 in this round of operation. Although the long position has been continuously increased, the account has not yet realized positive returns.

It is reported that the address currently holds a $19.9 million ETH long position, with an unrealized profit of $140,000 and a liquidation price of $2022. As of the time of publication, he is gradually reducing the position in small amounts and placing sell orders in the range of $2,119 to $2,200, planning to gradually reduce the position of about $2.97 million.