Whale Maji Big Brother Huang Licheng has just opened two large long positions in the cryptocurrency market, with a total value of up to 113 million USD.
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Whale Huang Licheng opens a long position of 22,000 ETH worth 100 million USD.
The whale additionally opens a long position of 115 BTC with a total value of 13.61 million USD.
What long positions has Huang Licheng opened in the cryptocurrency market?
According to on-chain analyst Yu Jin, Huang Licheng has established long positions of 22,000 ETH and 115 BTC, with a total value of 113 million USD. These are two significant investments, reflecting confidence in the bullish trend of ETH and BTC.
The ETH position was opened at an average price of 4,662 USD each, worth approximately 100 million USD. At the same time, Huang Licheng also purchased 115 BTC at a price of 118,202 USD each, totaling approximately 13.61 million USD, contributing to portfolio diversification.
How does the ETH long position affect Huang Licheng's investment strategy?
Currently, the long position of 22,000 ETH is recording an unrealized loss of 2.22 million USD, reflecting price volatility in the cryptocurrency market. However, maintaining this position demonstrates Huang Licheng's decisiveness and long-term vision regarding Ethereum's potential.
The strategy of making a large bet on ETH shows that Huang Licheng expects a recovery and sustainable growth of the Ethereum network, especially in the context of many projects and applications being developed based on this platform.
"Opening large long positions like this is not only a signal of confidence from whales in the market but also impacts the sentiment and general direction of investors in the cryptocurrency market."
Yu Jin, On-chain Analyst, August 2024
Detailed information about Huang Licheng's purchase position of 115 Bitcoin?
Huang Licheng also opened a long position of 115 BTC at an average opening price of 118,202 USD, equivalent to 13.61 million USD. This is an important additional investment, indicating diversification to mitigate risk for the cryptocurrency portfolio.
This strategy helps balance the investment eye between two leading cryptocurrencies, which play a leading role in the market and maintain high liquidity, thus strengthening a sustainable financial position in the long term.
What impact do Huang Licheng's ETH and BTC long positions have on the market?
Large transactions from whales like Huang Licheng often have a psychological impact on investors and can create short-term price volatility in the cryptocurrency market. However, this move also signals positivity as major investors trust the upward trend.
The cryptocurrency market is sensitive to whale activities, thus opening long positions worth hundreds of millions of USD affirms confidence in major coins, helping to reinforce the general trust of the investor community.
Frequently Asked Questions
Who is Huang Licheng in the cryptocurrency market?
Huang Licheng is known as a major whale investor with transactions worth hundreds of millions of USD, significantly impacting the cryptocurrency market's dynamics.
Is Huang Licheng's current ETH long position profitable or at a loss?
Why does Huang Licheng invest in both ETH and BTC?
Diversifying the portfolio is a strategy that helps minimize risk and optimize returns in the context of cryptocurrency market volatility.
How should investors monitor large long positions like Huang Licheng's?
These positions reflect market trends and can help individual investors assess overall sentiment as well as potential opportunities or risks.
Where is the information about these positions updated from?
The data is published by on-chain analyst Yu Jin, based on observations and transparent blockchain analysis.
Source: https://tintucbitcoin.com/huang-licheng-long-btc-eth-lo-222-trieu-usd/
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