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Well-known trader gains $1.53 million USD in unrealized profit this week, continues to be bullish on ETH and HYPE after closing BTC and ZEC positions
【Crypto World】On-chain data shows that well-known trader Huang Licheng’s recent leverage trading activities have attracted attention. This morning, he liquidated all 40x leveraged long positions in Bitcoin and ZEC, with the overall floating profit for the week reaching $1.53 million.
Currently, his positions are focused on other assets. He maintains a 25x leveraged long position in Ethereum, holding a total of 7,100 ETH with an average cost around $2,987. Additionally, he has a 10x leveraged long position in HYPE, which has been increased multiple times to 25,888.88 tokens, with the initial entry price at $24.5.
From this series of actions, it appears he took profits on high-leverage short-term positions and chose to lock in gains, but remains bullish on the medium-term outlook for ETH and HYPE. This position adjustment reflects the dynamic strategic changes among active traders in the market.