Investor Faces Losses Despite Increased Holdings

On April 7, it was reported that investor Huang Licheng experienced a significant liquidation on March 26, leaving his account with approximately $90,000. According to BlockBeats, he subsequently deposited $700,000 into Hyperliquid to replenish his funds and initiate a new long position. Since the liquidation, Huang has deposited a total of $1.17 million into the platform, bringing his account balance to $1.26 million. Despite not making any withdrawals, the continuous increase in his positions has resulted in an actual account balance of about $1.24 million, indicating a net loss of approximately $20,000. Although the size of his long positions has increased, the account has yet to achieve positive returns. Currently, the account holds an ETH long position valued at $19.9 million, with an unrealized profit of $140,000 and a liquidation price of $2,022. As of the time of reporting, Huang is gradually reducing his holdings and has placed sell orders in the $2,119 to $2,200 range, planning to reduce his position by approximately $2.97 million.