「BFF」 liquidated long positions last week, realizing a profit of nearly $11 million. The current position is valued at $129 million.

BlockBeats News, August 24th, according to EmberCN monitoring, "Brother Ma Ji" Huang Licheng seized the one-way uptrend in the cryptocurrency market last week, adding leverage by about $150,000 to long positions worth about $11.5 million, realizing a total of approximately $11 million in profits.

Previously, he had accumulated approximately $35 million in losses from longing ETH over the past 10 months. After this round of profits, his historical losses have narrowed to around $24 million. Previous on-chain data also showed that his historical cumulative losses remained in the tens of millions of dollars.

Currently, Huang Licheng holds long positions worth approximately $129 million, involving ETH, BTC, HYPE, and PUMP, with an overall leverage ratio of about 12 times. If the market continues the one-way uptrend, his previous losses of about $35 million may rapidly shrink further; however, if the market turns into consolidation or a decline, the high-leverage liquidation strategy may also quickly give back the profits of around $11 million from this round.