"Magic" Huang Licheng had significant unrealized gains but continued to rollover without settling, and now the funds have shrunk again to 360,000 USD.

On October 31, according to HyperInsight monitoring, in the past 9 hours, Huang Licheng has continuously increased the position to average down on ETH long orders, depositing $14,000 into Hyperliquid, which was subsequently all used to increase the position. Currently, the notional value of the holdings has dropped to $7.66 million, with a floating loss of about 30%, and an average price of $3,881, with a liquidation price of $3,750. Previously, on the 29th, his ETH long positions had a floating return rate of up to 130%, and the average position was rolled over to $3,950, with the principal reaching $1.9 million at one point, and the total holdings peaking at $22.31 million. Despite some small inflows in recent days, the funds have shrunk to $360,000, and the total holdings have decreased to $9.02 million. Reviewing his operations, Huang Licheng opened an ETH long order at an average price of $3,785 on the 23rd, with a notional value exceeding $9.6 million. He continuously released the unrealized gains to use as margin for rolling over the position, pushing the total notional value up to $22.31 million, with a maximum floating return rate of 200%, but he has never closed the position.