「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.
You may also like

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Why do cryptocurrency projects always like to change their names?

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet

Who is footing the bill for the $64 billion accounting frenzy?

I never expected that the first application of AI x Crypto would be in security auditing

What is your view on Binance's competitive advantages?

ETH has entered a non-consensus phase, and the turning point is approaching!

The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today

The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX

Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.

Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

Former SpaceX engineer reconstructs the financial execution system using first principles

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD

