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「Crypto Buddy Huang Lizheng」 pulled an all-nighter to liquidate approximately 85% of his HYPE long positions, realizing a loss of around $560,000

2 hours ago

**Jan 20 Update** Per monitoring from HyperInsight, the address tied to "Huang Licheng" (0x020c…) continuously reduced its HYPE long position for nearly 10 hours overnight (Jan 19–20) and fully exited the position by the morning of Jan 20. - **Position Breakdown**: - Launched reduction on Jan 19 night; initial position: $2.82M, with a floating loss of up to 85%. - Cumulative reduction by Jan 20 morning: ~$2.41M. - Closed remaining $1.187M position; **total loss: $560K**. - **Trader Context**: The trader earned early success trading blue-chip NFTs. But since reactivating in the market in October, successive sharp pullbacks have shrunk their account from over $1B.
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