Odaily Planet Daily reports, according to HyperBot data, Huang Licheng’s previously held 11,000 HYPE long position with 10x leverage has been fully closed, resulting in a loss of approximately $31,600. Subsequently, he continuously added to his Ethereum long position with 25x leverage, increasing his current position to 5,200 ETH. His overall position has now turned slightly profitable, with an unrealized profit of $158,000 and a return on investment of 32.56%.
Hype Multiplier position liquidated; Ethereum position turns slightly profitable
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Summary
Huang Licheng, known as 'Maji Da Ge,' has fully closed his 10x leveraged HYPE position, incurring a loss of approximately $31,600. He then adjusted his position sizing by increasing his 25x Ethereum long to 5,200 ETH. This move has rendered his Ethereum position slightly profitable, with a floating gain of $158,000 and a 32.56% return. His trading strategy reflects a strategic shift in focus toward ETH amid market volatility.
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