Ethereum Updates Today: Buddy Goes All-In on ETH with $13 Million Leveraged Wager Amid Market Slump
- Buddy Huang’s ETH long position was liquidated, prompting a $9.5M reentry amid market turmoil. - Market selloff attributed to macroeconomic pressures, with BTC dropping 28.7% below $90K. - A $1.24B ETH whale added 13,117 ETH despite $1.59M unrealized losses, signaling bullish conviction. - Institutional caution grew as SoftBank exited $5.8B NVIDIA stake, while Coinbase hinted at December 17th product launch. - Buddy’s $13M leveraged bet faces liquidation risk if ETH fails to stabilize above $3,000, highl
Buddy Huang Licheng's bold approach to
This move further cements Buddy's image as a risk-taker who often increases his exposure after setbacks—a tactic that has sparked both praise and skepticism within the crypto world. Just days after his liquidation, HyperInsight noted that Buddy's position had expanded, with additional margin bringing his total exposure to $13.57 million by November 18. This increase coincided with
Buddy's trading is part of a larger pattern of major players making moves in the ETH market. Separate on-chain data showed that a whale holding $1.24 billion in ETH accumulated 13,117 ETH within 12 hours, raising its total to 19,199.91 ETH.
At the same time, Hyperliquid's "ETH Max Long" position is currently sitting on an unrealized loss of $15 million, but the position remains open with a limit order to sell ETH at $3,860 for potential profits
The heightened market swings have also prompted institutional investors to act cautiously. Both SoftBank and Bridgewater Associates have trimmed their holdings in NVIDIA, with SoftBank completely divesting its $5.8 billion stake. Meanwhile, in the crypto sector, Coinbase has sparked rumors of a significant new product launch—possibly related to its Base blockchain—after updating its X account bio to "December 17th."
Buddy's latest wager on ETH is undeniably bold but fraught with risk. With a liquidation threshold at $2,816, there is little margin for error in a market known for rapid sentiment shifts. Should ETH fail to remain above $3,000, Buddy could face further margin calls and be forced to change course. For now, his actions underscore the ongoing appeal of leveraged trading in an environment where strong conviction often outweighs caution.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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