Ethereum (ETH) 25x Long Hits $10M as QCP Capital-Funded Trader Boosts Position on HyperLiquid

According to OnchainLens, the wallet labeled ‘buddy’ and linked to Huang Licheng received $200,000 from QCP Capital and subsequently transferred $100,000 to HyperLiquid to augment a 25x ETH long exposure. The notional position now approaches $10 million, with an entry price around $3,955 and a liquidation threshold near $3,843. This on-chain activity illustrates targeted liquidity deployment in the ETH derivative space and underscores the importance of margin discipline amid volatile price action.

From a market integrity perspective, the move exemplifies how on-chain data can illuminate risk-managed strategies, where rapid price moves could trigger liquidation if ETH tests the liquidation price. Readers should treat such leverage-driven bets as high-risk and not as investment advice; developments remain subject to execution risk and market liquidity.