Huang Licheng, known as "Machi," has significantly increased his Ethereum long position, now totaling approximately $15.77 million. According to Hyperinsight Monitoring, Licheng deposited $225,000 into Hyperliquid, using this capital and unrealized gains to expand his position by 2,450 ETH, valued at $7.35 million. His 25x leveraged position now stands at 5,250 ETH, with a floating profit of about $300,000. The average entry price is $2,944.71, with a liquidation price of $2,716.71. Previously successful in blue-chip NFT trading, Licheng has faced substantial drawdowns since October, with his account balance dropping from over $100 million. Despite recent setbacks, his strategic moves in the ETH market indicate a continued aggressive trading approach.