According to ChainCatcher, Hyperbot data shows that due to volatility in the crypto market, the value of Magi Brother’s 25x leveraged Ethereum long position has fallen below $100 million, and he has begun reducing his long positions in both Ethereum and Bitcoin. His overall position now holds an unrealized loss exceeding $1.1 million, with a return on investment of -23.02%. 1. The 25x leveraged Ethereum long position holds 39,900 ETH, valued at $95.979 million, with an unrealized loss of $1.07 million; 2. The 40x leveraged Bitcoin long position holds 515 BTC, valued at $39.793 million, with an unrealized loss of $42,000.
Magi Da Ge suffers over $1 million in losses on Ethereum and Bitcoin positions
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Summary
Today’s Ethereum price continues to face downward pressure as Magi Da Ge’s 25x leveraged ETH long position falls below $100 million. The Ethereum position consists of 39,900 ETH, valued at $95.979 million, with a floating loss of $1.07 million. Bitcoin-related news reports a $42,000 loss on 515 BTC, valued at $39.793 million. The overall position now carries a floating loss exceeding $1.1 million, with a return rate of -23.02%.
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