Huang Licheng reducing exposure in HYPE and ETH while profiting from long positions

ApeDegen · 2026-03-02T19:22:30+00:00

Huang Licheng, known as "Brother Ma," adjusts his portfolio with reductions in HYPE and ETH while increasing his position in ZEC. His unrealized profits exceed $2.5 million, reflecting strategic management in a volatile market.

ApeDegen

2026-03-02 19:22:30

Abstract generation in progress

According to data monitored by the Hyperinsight platform, the well-known trader Huang Licheng, known as “Brother Ma,” continues with an active portfolio management strategy at the start of this year. His long positions in perpetual contracts hold an aggregate value of around US$45 million, reflecting significant movements in recent hours. The trader has gradually reduced his exposure to some of the main assets as he seeks to optimize his unrealized gains.

Strategic Adjustments in HYPE and ETH

The latest situation shows Huang Licheng reducing his long positions in HYPE and ETH, partially taking profits. In HYPE, his long position remains around US$8.43 million with an unrealized gain of approximately US$130,000. The ETH position is higher, with US$34.87 million invested and an unrealized profit of US$862,000. These movements reflect a cautious approach to maintaining exposure in more volatile assets.

Partial profit-taking in these two assets suggests that the trader is trying to balance maintaining exposure and protecting gains amid potential market volatility. This tactic is common among managers of large positions who need to constantly monitor their exposures.

Increased Position in ZEC and Overall Outlook

Contrasting with the reduction in other assets, Huang Licheng increased his exposure to ZEC by about US$246,000 in just the last 3 hours. This long position boost lowered his average acquisition cost from US$415 to US$411.29, but the position currently shows an unrealized loss of US$48,100. This move demonstrates conviction in the asset despite the temporary pullback.

The overall trading dynamics result in impressive accumulated gains for the week. The trader’s total unrealized profits exceeded US$2.538 million, demonstrating strong performance regardless of offensive and defensive moves across different positions. These operations exemplify how experienced traders continuously adjust their portfolios to maximize returns while keeping risk under control.

HYPE8,92%

ETH1,36%

ZEC-1,35%

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