Large traders frequently adjusting positions: Huang Licheng added two new coins to long positions, ETH holdings surpass $33.91 million

Huang Licheng (Brother Magji) has taken action again. According to on-chain data, this well-known trader opened new long positions in HYPE and ZEC about 40 minutes ago, while increasing his Ethereum long position to 10,900 ETH, approximately $33.91 million. The total position size has reached $34.97 million, with a current unrealized loss of $26,090. This is another significant rebalancing by Huang Licheng within January 12, reflecting his evolving market judgment.

Latest Position Composition

Details of New Long Positions

Huang Licheng’s two newly established longs are:

• HYPE long: 20,888.88 tokens, approximately $508,500 (Hyperliquid is a new coin launched in July 2024, currently ranked 15th, price $24.36)
• ZEC long: 1,288.88 tokens, approximately $517,400 (using 10x leverage)

Core Position Additions

The ETH long (25x leverage) has been increased to 10,900 ETH, roughly $33.91 million, accounting for over 97% of the total position. This indicates ETH remains Huang Licheng’s primary bet, with high leverage showing a strong bullish outlook on ETH.

Signals Behind the Trading Rhythm

Frequent Rebalancing Reflects Market Judgment Changes

Observing Huang Licheng’s recent trading pace, the market signals are quite clear:

• January 11: Opened a ZEC long, then closed it within less than an hour, earning $2,544
• Morning of January 12: Closed all HYPE longs, with nearly $686,000 profit in about one day
• As of January 12: Opened new longs in HYPE and ZEC again

This pattern of quick opening, closing, and reopening positions indicates Huang Licheng is actively adjusting his portfolio, possibly testing short-term opportunities in different coins while maintaining a core ETH position.

Why Rebalance HYPE and ZEC

Huang Licheng reopened positions in HYPE and ZEC just hours after closing them, which may suggest:

1. After short-term profit-taking, he identified new entry opportunities
2. He has new judgments on the short-term trends of these two coins
3. He is using high leverage for quick trades to increase returns

Risk Assessment

Hidden Risks of High Leverage

In his current positions, ETH is leveraged at 25x, and ZEC at 10x. According to data, Huang Licheng’s ETH liquidation price is close to $3,000. Although ETH is currently trading above this level, any sudden sharp decline could trigger risks.

Continuing to Add Positions in Unrealized Loss

Despite an unrealized loss of $260,900, Huang Licheng still chooses to open new longs and add to ETH, demonstrating a strong bullish attitude towards the market’s future direction, but also increasing his risk exposure.

Summary

Huang Licheng’s latest moves show an active response from a major trader in the current market environment: maintaining or even increasing his core ETH position, with frequent short-term adjustments to seize opportunities. This strategy has shown significant profit in recent days (nearly $686,000 in one day), but high leverage also amplifies risks. Market participants should view such large traders’ actions as a reference signal but not blindly follow them, as their risk tolerance and operational experience differ markedly from ordinary investors. It is worth paying attention to how long Huang Licheng’s new positions are held and their closing outcomes, which will further reflect his market rhythm judgment.