Ethereum Whale Huang Licheng Boosts ETH Long to $24 Million in 10 Minutes After Exiting HYPE Position

ETH

ETH/USDT

$1,666.20

-0.57%

$1,666.20

-0.57%

(24s)

24h Volume

$8,297,709,799.91

24h H/L

$1,691.07 / $1,652.09

Change: $38.98 (2.36%)

Long/Short

73.6%

Long: 73.6%Short: 26.4%

Funding Rate

+0.0047%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,672.17

▲ 0.35%

Volume (24h): -

Resistance Levels

Resistance 3$1,803.19

Resistance 2$1,734.01

Resistance 1$1,676.94

Price$1,672.17

Support 1$1,666.38

Support 2$1,583.40

Support 3$1,505.68

Pivot (PP):$1,671.13

Trend:Downtrend

RSI (14):31.5

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.

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