Huang Licheng 5 times leverage to do long HYPE position is currently floating loss of $1.81 million

According to the chain analyst Ember monitoring, Huang Licheng is currently in the contract long HYPE floating loss of $1.81 million. He bought 200,000 HYPE spot at a price of $29.4 some time ago, and then used the contract to 5 times leverage to do more 530,000 HYPE, opening the average price of $35.5. With the recent two days of HYPE price correction, his contract long HYPE is currently floating loss of 1.81 million dollars. However, his spot holding 200,000 HYPE is still $520,000 profit.