"Machi" Huang Licheng reduces long positions in ETH and HYPE, portfolio value still exceeds $10 million, principal doubled today
BlockBeats News, October 24, according to HyperInsight monitoring, in the past three hours, Huang Licheng has been gradually closing out long positions in ETH and HYPE. He has already reduced his ETH holdings by a total of $600,000, with remaining sell orders set at $4,000 (UTC+8) for profit-taking. Currently, his ETH long position is still worth $9.55 million, with a floating return rate that once exceeded 110%. The total value of this address's current holdings is about $11.23 million, with the principal having increased from $460,000 to the current $870,000.
According to yesterday's news, at 5:00 on the 23rd (UTC+8), Huang Licheng opened an ETH long position at an average price of $3,785, with a notional value exceeding $9.6 million and a liquidation price of $3,711. He subsequently established a HYPE long position at an average price of $38.5, with a notional value of about $1 million. In addition, ETH touched support at around $3,700 at 5:00 yesterday (UTC+8) and has continued to rise since then, now quoted at $3,942.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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