$BTC An investor has shifted his focus from Bitcoin to Ethereum by restructuring his leveraged trades. Huang Licheng recently closed his Bitcoin long positions, which were worth nearly $1.85 million, and moved that capital into Ethereum instead. He purchased about 1,200 ETH, pushing his total leveraged Ethereum long exposure to roughly $28.88 million. This move lowered his average entry price to around $2,977 per ETH. At present, the position is showing an unrealized loss of approximately $300,000. Alongside this, Huang also maintains a leveraged position in HYPE valued at about $1.09 million.
ETH
2,390.5
-13.04%
BTC
77,789.76
-7.95%