Huang Licheng significantly adjusted trading positions, with recent weekly losses exceeding $1.62 million

LiquidatedAgain · 2026-01-21T09:11:30+00:00

The volatility in the crypto market has intensified. Renowned trader Huang Licheng has liquidated his ZEC and HYPE positions, concentrating his funds on Ethereum (ETH). Despite increasing his ETH long positions, leverage effects have resulted in nearly $400,000 in losses, with the account losing over $1.62 million in a week. This adjustment may be a strategic move following the market's sharp fluctuations.

LiquidatedAgain

2026-01-21 09:11:30

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The cryptocurrency market is highly volatile, and traders’ position changes frequently serve as market indicators. According to on-chain data tracking by Hyperbot, well-known trader Huang Licheng (online name “Maji Dage”) recently made a significant position adjustment, reflecting a new judgment by professional traders on the current market.

Clearing Two Major Positions and Focusing on ETH

Huang Licheng cleared his long positions in ZEC (Zcash) and HYPE (Hyperliquid) around January 13. These two assets have shown significant recent price fluctuations, with ZEC currently quoted at $353.08 and HYPE at $21.03, clearly no longer favored by Huang Licheng. Meanwhile, he increased his bet on Ethereum, expanding his ETH long position (using 25x leverage) to 11,000 ETH. At the latest price of $2.97K, this position is worth approximately $32.6 million, making it the main exposure in his account.

Leverage Amplifies Risks, Account Shows Nearly $400,000 Loss

This concentrated position layout can amplify potential gains, but the other side of leverage is risk. Huang Licheng’s average entry price for ETH was $3,135.02. At the current $2.97K price, with 25x leverage, the unrealized loss has reached $360,000. This indicates that although the bet on Ethereum seems clear, precise entry timing is equally critical. Huang Licheng’s total account value is $1.82 million, meaning that fluctuations in a single position can significantly impact the overall account.

Weekly Loss Exceeds $1.62 Million, Market Volatility Not to Be Underestimated

More notably, the overall performance of Huang Licheng’s account shows a recent loss of about $500,000 in the past day, and over the past week, the total loss has exceeded $1.62 million. This reflects the intense market volatility over the past week. Even experienced professionals find it difficult to avoid losses in such conditions. Huang Licheng’s position adjustment—liquidating ZEC and HYPE, and increasing ETH holdings—may be a strategic rebalancing after consecutive losses, attempting to find a new balance between risk and opportunity.

ETH1,43%

ZEC-0,15%

HYPE1,61%

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