Huang Licheng's 5x Leverage Long Position on HYPE Currently Faces a Floating Loss of $1.81 Million
According to a report by Jinse Finance, on-chain analyst Ember has monitored that Huang Licheng is currently experiencing an unrealized loss of $1.81 million on his long contract for HYPE. After purchasing 200,000 HYPE spot at a price of $29.4, he went long on 530,000 HYPE using a contract with 5x leverage, with an opening average price of $35.5. With the recent two-day price correction of HYPE, his long contract on HYPE has now resulted in an unrealized loss of $1.81 million. However, his spot holding of 200,000 HYPE still has a profit of $520,000.
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