Crypto Whale Huang Licheng Takes $89.5M Leveraged Long on BTC and ETH
Chinese crypto whale and investor Huang Licheng has opened massive leveraged long positions totaling approximately $89.5 million on Bitcoin and Ethereum. According to on-chain data from Lookonchain, he is trading BTC with 40× leverage and ETH with 25× leverage. His current holdings stand at 155 BTC (around $17.5 million) and 15,300 ETH (about $72 million). This aggressive margin trading strategy underscores his bullish outlook on major cryptocurrencies. Such high-leverage positions can amplify gains but also increase liquidation risk if the market turns volatile. Traders should monitor price support levels and funding rates closely as this whale’s activity may influence short-term market momentum.
Bullish
Huang Licheng’s decision to deploy nearly $90 million in maximum leveraged BTC and ETH long positions signals strong bullish conviction. Historically, large whale entries—especially via high leverage—often precede upward price movements as demand surges and funding rates adjust. While liquidation risk is elevated, his substantial bet may underpin short-term support levels and attract follow-on margin flows. In the long term, sustained whale confidence can bolster market sentiment and contribute to broader crypto rallies. Traders should remain cautious of volatility but view this move as a bullish indicator for Bitcoin and Ethereum.