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BlockBeats News, August 22nd, according to TradingBeats (formerly Hyperinsight) monitoring, the address associated with the "Whale Brother" Li Cheng Huang has recently seen a significant turnaround in transaction activity. After nearly 500 liquidation events, the account managed to grow its funds from $152,000 to over $10 million in just 3 days.
However, during the past 2 hours of the crypto flash crash, the account balance dropped from $12.8 million to $10.8 million within 80 minutes, showing significant volatility.
Currently, the account still holds 888.88 BTC in long positions and 19,100 ETH in long positions, with the Bitcoin longs experiencing an unrealized loss of $470,000 and the Ethereum longs having an unrealized gain of $2.17 million.
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