The leveraged positions at Huang Licheng’s address have been updated again: three longs in BTC, ETH, and HYPE are open at the same time, with leverage ranging from 10x to 40x.
He is long 34,100 ETH at 25x, with an average entry price of $2,689.86 and $986,000 in unrealized profit; long 455 BTC at 40x, with an average entry price of $84,908.70 and $430,000 in unrealized profit; and long 159,500 HYPE at 10x. The disclosure does not give HYPE’s average entry price. Subtracting the unrealized profits on the first two positions from the total of $1.894 million puts HYPE’s profit at about $478,000.
The BTC entry price is about $1,086 below the current price, so its unrealized profit is relatively slim. The three positions have different leverage levels, which also means margin pressure will build at different price levels as prices move.
Going forward, the address itself is worth watching: whether more margin is transferred into the trading account or new positions are added, whether either the ETH or BTC position is reduced, and whether the average entry price and unrealized profit reported for HYPE later line up with the $478,000 estimate inferred from the current figures.
He is long 34,100 ETH at 25x, with an average entry price of $2,689.86 and $986,000 in unrealized profit; long 455 BTC at 40x, with an average entry price of $84,908.70 and $430,000 in unrealized profit; and long 159,500 HYPE at 10x. The disclosure does not give HYPE’s average entry price. Subtracting the unrealized profits on the first two positions from the total of $1.894 million puts HYPE’s profit at about $478,000.
The BTC entry price is about $1,086 below the current price, so its unrealized profit is relatively slim. The three positions have different leverage levels, which also means margin pressure will build at different price levels as prices move.
Going forward, the address itself is worth watching: whether more margin is transferred into the trading account or new positions are added, whether either the ETH or BTC position is reduced, and whether the average entry price and unrealized profit reported for HYPE later line up with the $478,000 estimate inferred from the current figures.