BlockBeats message, April 7, according to monitoring by Hyperinsight, “Majidi” Huang Licheng was subject to a large liquidation on March 26, with the account leaving only about $90k; subsequently, he deposited $700k to Hyperliquid to top up funds, initiating this round of going long.
Since the liquidation to date, he has cumulatively deposited a total of $1.17 million into the platform, and when combined with the remaining account funds of $1.26 million. During the period, although there have been no withdrawals, due to ongoing rolling and position building that consumed capital, the account’s actual funds currently stand at about $1.24 million, meaning a net loss of roughly $20k from this round of operations. While the long position size has continued to be pushed higher, the account has not yet realized positive returns.
It is understood that the address currently holds a $19.9 million ETH long position, with an unrealized gain of $140k and a liquidation price of $2,022. As of the time of publication, it has been gradually reducing its holdings in small amounts, and has placed sell orders in the $2,119 to $2,200 range, planning to reduce a position of about $2.97 million in batches.
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