"Magic" Huang Licheng had significant unrealized gains but continued to rollover without settling, and now the funds have shrunk again to 360,000 USD.

According to BlockBeats news on October 31, monitoring by HyperInsight indicates that in the past 9 hours, Huang Licheng has continuously increased the position to average down on ETH long positions, and deposited $14,000 into Hyperliquid, which was subsequently all used to increase the position. Currently, the notional value of the holdings has decreased to $7.66 million, with an unrealized loss of about 30%, and an average price of $3,881, with a liquidation price of $3,750. Previously, on the 29th, his ETH long positions had an unrealized return rate of up to 130%, and the average position was rolled over to $3,950, with the principal at one point reaching $1.9 million, and the total position size peaking at $22.31 million. Despite some small amounts being credited recently, the funds have shrunk to $360,000, and the total position size has decreased to $9.02 million. Looking back at his operations, Huang Licheng opened an ETH long order on the 23rd at an average price of $3,785, with the notional value of the holdings exceeding $9.6 million. He continuously released the margin from unrealized gains to roll over the position, pushing the total notional value of the holdings all the way up to $22.31 million, with the unrealized return rate reaching a maximum of 200%, but he has never closed the position.