Major Crypto Trader Huang Licheng's $113 Million Position Faces Headwinds After Recent Market Correction

Following yesterday’s market downturn, on-chain data reveals that prominent trader Huang Licheng has deployed over $113 million into long positions across major cryptocurrencies. This aggressive bullish bet highlights diverging trader sentiment in the current market environment.

Position Breakdown: ETH Leads the Allocation

The larger portion of Huang Licheng’s capital allocation targets Ethereum, with 22,000 ETH acquired at approximately $4,662 per token, representing a roughly $100 million investment. Current unrealized losses on this position stand at $2.22 million, suggesting ETH has traded below the entry level since the purchase.

Concurrently, Huang Licheng initiated a Bitcoin long position worth $13.61 million, accumulating 115 BTC at an average entry price of $118,202. This two-pronged strategy demonstrates conviction in both Layer 1 blockchain ecosystems.

Market Context and Current Conditions

The timing of this $113 million deployment follows a recent price correction, indicating Huang Licheng’s interpretation of dip-buying opportunities. According to current market data, Bitcoin is trading at $88.30K while Ethereum has moved to $2.98K, providing a reference point for evaluating the position’s performance trajectory.

On-chain analyst Yu Jin’s tracking of this transaction underscores the continued market interest in monitoring whale activity during volatility periods. Such large positions often attract community attention as indicators of institutional or informed trader sentiment shifts.