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Whale Player ETH Leverage Reversal: From $4.3 million to $100K, Fully Reinvests for a Comeback
【Block Rhythm】Well-known trader Huang Licheng experienced a rollercoaster week of leveraged trading. On January 22, this Taiwanese artist once again used all of his approximately $100,000 unrealized profit from a long ETH position to roll over, with his 25x leveraged ETH long position surpassing $10.1 million in total value. The average entry price rose to $2,974, with a liquidation price set at $2,942.
In the past week, Huang Licheng’s account funds have experienced dramatic fluctuations. After a sharp decline from a high of $4.3 million to less than $100,000, he transferred about $420,000 to the derivatives trading platform on January 21, then re-entered the ETH long position at around $2,974.
Huang Licheng first gained attention in the Web3 community for holding BAYC NFTs. Since August 2025, he has been actively trading on the platform, mainly dealing with tokens like HYPE and ETH. However, his recent trading performance has been less than ideal—over the past month, he has been liquidated more than 70 times, with total losses exceeding $16 million. Whether this full-position move is an attempt to catch a rebound or an ongoing risk-taking strategy is being closely watched by the market.