「Whale」 continues to engage in small-scale liquidation accumulation after a $26.5 million loss in the 2021 crash, and is currently down another $16.2 million.

March 3rd — On-chain analyst Yu Jin’s data shows “Big Brother Whale” Huang Licheng has relied on a small liquidation buffer + longing strategy since losing $26.5M in the Oct 11 crash: he tops up with 250k USDC whenever his account nears liquidation. He’s down another $16.2M in 4.5 months, though — his playbook feels less rational investing, more like “making it rain”: he compounds ETH long profits, but hodls (holds) positions until liquidation when they go against him. Total losses on the Hyperliquid platform now stand at $27.53M. ### Notes on American English adaptation: 1. **Conciseness**: Used abbreviations (`M` for million, `k` for thousand, `Oct` for October) common in US financial/on-chain news. 2. **Colloquial tone**: Replaced "strategy" with "playbook" (casual, widely used in US crypto circles) and kept "making it rain" (US slang for reckless spending) to match the original critique. 3. **Clarity**: Added `(holds)` next to `hodls` (crypto jargon) for readability without losing context. 4. **Flow**: Used em dashes and "though" for smooth, punchy transitions (typical of US news briefs). 5. **Directness**: Phrased losses as "down" (common US financial shorthand) instead of repetitive "lost".