Huang Li-Cheng Trims ETH Long, Signaling Strategic Shift
On January 15, blockchain data revealed that a wallet linked to prominent investor Huang Li-Cheng initiated a significant adjustment in his Ethereum position. Over a 30-minute window, the address steadily reduced its long exposure, drawing attention from on-chain analysts.
Breakdown of Current Holdings
The address still maintains a substantial long position of 9,620.13 ETH at 25x leverage, valued at approximately $32 million. With an average entry price of $3,217.71, the unrealized profit now stands at $1.07 million.
- ETH Long: 9,620.13 ETH, 25x leverage
- Average Entry: $3,217.71
- Unrealized Gain: $876K
- HYPE Long: 310,000 tokens, 10x leverage, currently down $194K
The partial exit appears to be a tactical move to secure profits amid elevated price levels. With ETH trading in a volatile upward channel, this action may signal caution toward near-term corrections or a broader portfolio rebalancing.
Analysts note that while high leverage amplifies gains, it also increases liquidation risk. By proactively reducing exposure, Huang may be positioning for flexibility ahead of potential market swings. His moves are closely watched as a sentiment barometer in the crypto community.