On March 3, a report highlighted the financial challenges faced by crypto investor Huang Licheng. According to BlockBeats, after incurring a $26.5 million loss during a market downturn, Huang has been employing a strategy of small-scale rolling investments. He consistently adds $250,000 USDC to his account whenever losses approach the limit, aiming to increase his long positions.
Despite these efforts, Huang has suffered an additional $16.2 million loss over the past four and a half months. His approach appears more like indiscriminate spending rather than rational investing, as he continues to increase his positions in ETH during profitable periods, while holding onto losing positions until liquidation occurs. Currently, his total losses on the Hyperliquid platform have reached $27.53 million.