「Whale」 Long ETH Position Increased to $19.9M through Repeated Leveraged Bets, with Actual Net Loss of $20k in This Round

On April 7, HyperInsight monitoring (via its Telegram channel at https://t.me/HyperInsight) reported that "Buddy" Huang Licheng faced a large liquidation on March 26, leaving only ~$90,000 in his account. He then deposited $700,000 into Hyperliquid to add capital and launch his current long position. Since the liquidation, he has deposited a total of $1.17 million into the platform, plus his remaining account balance bringing the combined total to $1.26 million. No withdrawals have been made during this period, but due to ongoing rollovers and additional position increases, his current actual account balance is ~$1.24 million—meaning a net loss of ~$20,000 from this round of trades. Despite continuously growing his long position, he has yet to lock in positive returns. Reportedly, the address currently holds a $19.9 million ETH long position with a liquidation price of $2,022. As of press time, he is gradually reducing his position in small increments, placing sell orders in the $2,119–$2,200 range and planning to unwind ~$2.97 million of the position.