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Trader "Buddy" closes positions in BTC and HYPE with losses of over $70,000
According to BlockBeats’ monitoring conducted in mid-December, the operator known as “Buddy” (Huang Licheng) has executed new liquidations of his leveraged long positions in BTC and HYPE, consolidating losses exceeding $70,000 in these trades. This move reflects a strategic shift in his investment portfolio, with positions being significantly adjusted during recent trading sessions.
Liquidation of Long Positions and the Domino Effect on the Portfolio
The closed positions in BTC and HYPE represent a substantial reduction of the risk the trader previously held in these assets. However, his decision to partially liquidate suggests a reassessment of his market exposure. With current BTC prices around $70,370 and HYPE at $35.98, market dynamics have significantly impacted the viability of his previous strategies.
Leveraged ETH Position: The Most Risky Exposure
The most delicate position in “Buddy’s” portfolio is his 25x leveraged entry of 5,000 ETH, which holds an unrealized loss of approximately $510,000. With an entry price recorded at $2,933.47 and a liquidation price set at $2,734.46, this ETH position faces considerable risks. The current Ethereum price at around $2,050 intensifies pressure on this position, leaving little operational margin before automatic liquidation is triggered.
Maintaining these long-term positions under such adverse conditions demonstrates the challenges even experienced traders face when exposed to extreme volatility in the cryptocurrency market.