"Machi" Huang Licheng shorted ETH and HYPE last night; his principal was halved again today, with only 480,000 remaining.

BlockBeats news, on October 22, according to HyperInsight monitoring, at 0:13 am today (UTC+8), Huang Licheng once again opened a new high-leverage HYPE long position, and then continued to chase the rally and increase his ETH position within the next hour, continuing to add to his position during the price drop. At that time, the notional value of the HYPE position increased to $1.7 million, and the notional value of the ETH position reached $10 million.

In the past 4 hours, as the ETH position approached liquidation, he was forced to close the HYPE long position at a loss and used all remaining funds to further increase his ETH position to average down the cost. Currently, the average price of the ETH position has been raised to $3,952. The current floating loss on this position has exceeded 64%, with a liquidation price of $3,749. Meanwhile, he has placed staggered sell orders to close the position in the $3,950 to $4,188 range. In addition, the total value of this address's account has been halved again in less than a day, with the remaining principal now at $480,000.