Ma Ge is reducing his HYPE and ETH positions, with unrealized gains exceeding $2.5 million this week.

CryptoMotivator · 2026-03-05T19:13:04+00:00

Renowned crypto trader Huang Licheng recently adjusted his positions, reducing exposure to some mainstream coins while increasing holdings of ZEC, with an average cost down to $411.29, believing it has rebound potential; at the same time, he reduced HYPE and ETH positions to lock in profits, with total holdings approaching $45 million, and weekly gains exceeding $2.5 million.

CryptoMotivator

2026-03-05 19:13:04

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According to BlockBeats, well-known crypto trader Huang Licheng (“Old Ma”) recently initiated a series of active position adjustments, reducing his exposure to some mainstream cryptocurrencies. Real-time monitoring by on-chain data platform Hyperinsight shows that this veteran trader’s latest moves reflect a cautious attitude toward the current market trend.

ZEC Position Increased, Cost Basis Gradually Optimized

Although overall positions are being scaled back, Huang Licheng has increased his bullish stance on ZEC over the past three hours. He added approximately $246,000 worth of ZEC, successfully lowering his average cost from $415 to $411.29, a decrease of about 0.9%. Currently, ZEC is trading at $230.64, with this position carrying an unrealized loss of about $48,100. This “buying the dip” approach indicates Huang believes ZEC may have rebound potential, a typical low-buying strategy.

HYPE and ETH Positions Are Being Reduced, Partially Locking in Profits

Meanwhile, the trader is reducing his exposure to HYPE and ETH, locking in gains through partial closures. HYPE is currently priced at $30.74, with remaining HYPE positions valued at $8.43 million and unrealized gains of $130,000. ETH is around $2,080, with a position worth $34.87 million and unrealized gains of $862,000. Cutting high-value positions while locking in profits is a typical risk management practice.

Total Position Size Near $45 Million, Weekly Gains Exceed $2.5 Million

Overall, Huang Licheng maintains open positions in perpetual contracts across ETH, ZEC, and HYPE, totaling close to $45 million. Since last week, his unrealized gains have accumulated to over $2.538 million. This “reducing high at prices and increasing low at prices” strategy demonstrates the risk awareness of a seasoned trader and reflects market participants’ cautious outlook on short-term adjustments.

HYPE-3.18%

ETH-2.77%

ZEC-3.82%

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