According to HyperInsight monitoring on December 29, a prominent wallet nicknamed “Big Brother Whale” tied to Huang Licheng closed a HYPE long position after roughly an hour, securing a modest gain near $3,000.
Moments later, the trader escalated his ETH exposure, boosting the long position to around $24 million within about ten minutes. The entry was set at $2,973.44, with a liquidation price of $2,813.72.
This sequence highlights ongoing risk–reward dynamics in the crypto market and demonstrates how high-conviction participants adjust levered exposure near critical price levels.
Source: https://en.coinotag.com/breakingnews/ethereum-whale-huang-licheng-boosts-eth-long-to-24-million-in-10-minutes-after-exiting-hype-position
