ChainThink report, March 5: According to Coinbob Hot Address Monitoring, "Majic" Huang Licheng executed a leveraged roll on his ETH long position, bringing his total position size up to $14.4 million. After this move, his average entry price for the ETH long has risen from $2,023 to $2,066. The current unrealized profit stands at approximately $350,000, with a return rate of 60%, and the liquidation price is now set at $2,035.

In addition, the address currently has take-profit orders placed between $2,130 and $2,202, planning to partially close 10% of the position. This marks the twentieth round of long positioning, which has rolled an initial $250,000 capital to $860,000 within two days. The liquidation price has also been adjusted upward from $1,949 at entry to $2,066.

This trader previously profited from blue-chip NFT trading but has experienced significant drawdowns since becoming active in October last year, with account funds shrinking dramatically from over $100 million to a fraction of that amount.