「Whale」 Long ETH Position Increased to $19.9M through Repeated Leveraged Bets, with Actual Net Loss of $20k in This Round

BlockBeats News, April 7th, according to Hyperinsight monitoring, "Buddy" Huang Licheng was liquidated in a large amount on March 26th, with only about $90,000 left in the account. He then deposited $700,000 into Hyperliquid to add funds and start this round of long.

Since the liquidation, he has deposited a total of $1.17 million into the platform, plus the remaining account funds totaling $1.26 million. Although there have been no withdrawals during this period, due to continuous roll-in and additional holdings, the actual current account funds are about $1.24 million, meaning 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 a liquidation price of $2022. As of the time of publication, it is gradually reducing holdings 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.