Investor Sees Significant Gains Amid Market Recovery

On March 16, it was reported that investor Huang Licheng transferred $250,000 to Hyperliquid on February 28 to initiate the 20th round of leveraged long positions on ETH. According to BlockBeats, during this period, he made eight additional deposits and faced 20 liquidations, totaling $1.16 million. As the market recently recovered, his account balance rose to $2.19 million, nearly doubling his initial capital. Reviewing his trading activity: On February 28, the first day of trading, he experienced four liquidations. From March 1 to 3, he faced 13 forced liquidations, reducing his account balance to $8,700. Between March 8 and 9, he encountered three more significant liquidations. By March 10, he deposited additional funds and continued to buy ETH as its price fell below $2,000, eventually capturing the rebound at $1,950. The investor may be aiming for a major market rebound or the start of a bull market. Since October of last year, he has attempted leveraged long positions on various cryptocurrencies nearly 170 times, with 20 rounds focused on ETH, resulting in a net deposit of approximately $16.84 million to Hyperliquid.