Trader "Buddy" closes BTC and HYPE positions but maintains massive bullish bets on ETH under pressure

On-chain data reveal significant liquidity movements in the wallet of the trader known as “Buddy” (Huang Licheng). According to specialized monitoring, additional bullish positions in Bitcoin and Hyperliquid were closed during the last session, resulting in accumulated losses exceeding $70,000.

However, the most critical outlook focuses on the remaining active positions. The position maintains considerable exposure to Ethereum through 25x leverage on 5,000 units, with an unrealized loss reaching alarming figures of $510,000.

Details of the open position

The current strategy in ETH reflects an entry point of $2,933.47, while the liquidation level is at $2,734.46. This narrow margin between the two levels highlights the high inherent risk of the position, leaving little room for adverse market movements.

The combination of closing losing positions in BTC and HYPE, along with maintaining a high-risk bullish bet on Ethereum, suggests a volatile strategy where the trader apparently liquidates weak positions while holding his largest speculative exposure despite the accumulated losses.