Recent on-chain data shows Huang Licheng trimming leveraged ETH and HYPE positions amid continued volatility and substantial unrealized losses and gains.
On Feb. 3, Huang Licheng, known as Machi Big Brother, reduced his leveraged long positions in Ethereum (ETH) and HYPE. He currently holds 1,120 ETH with 25x leverage, facing an $80,000 unrealized loss, and 48,568.89 HYPE with 10x leverage, showing a $15,000 unrealized profit. This follows prior partial liquidations on the same positions, with overall losses previously reported exceeding $26.23 million, underscoring the high risks of extreme leverage in fluctuating crypto markets.