On-chain data shows that well-known investor Huang Licheng significantly increased his ZEC long positions by approximately $246,000 over the past 3 hours. This replenishment operation effectively lowered his average cost from $415 to $411.29. However, there is still an unrealized loss of $48,100 on the current holdings.

Interestingly, Huang Licheng is also partially taking profits on his long contracts for HYPE and ETH. Although the gains are modest, he successfully locked in small profits. His account currently maintains long positions in ETH, ZEC, and HYPE, with a total position size approaching $45 million. ETH longs constitute the majority, valued at $34.87 million, with an unrealized profit of $862,000; HYPE longs are valued at $8.43 million, with an unrealized profit of $130,000. Overall, over the past week, the account's unrealized gains have exceeded $2.538 million, demonstrating a quite impressive market operation rhythm.