ME News reports that, as of 14:30 UTC+8 on September 8, according to TradingBeats monitoring, Huang Licheng (“Maji Dage”) has reduced his BTC long position from approximately 541 BTC last night to 50 BTC, a net reduction of about 491 BTC. The current remaining position is valued at approximately $3.9174 million, with 40x leverage, an average entry price of around $79,294.90, and an unrealized loss of approximately $47,400. During the reduction phase from last night to now, he closed a total of approximately 575.07 BTC and re-entered approximately 91 BTC, resulting in a combined realized loss of about $305,600 from closing trades. After accounting for approximately $14,400 in trading fees, his net realized loss amounts to approximately $320,000. Overall, “Maji Dage” has significantly reduced his original BTC long position of about $43 million to approximately $4 million and has locked in losses during this round of position reduction. (Source: BlockBeats)
Maji Da Ge's BTC long position size has been reduced to 10% of the original.
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Summary
According to MetaEra, as of September 8 at 14:30 (UTC+8), 'Maji Dage' Huang Li Cheng reduced his BTC long position from approximately 541 BTC to 50 BTC, a decrease of roughly 491 BTC. The remaining position, held at 40x leverage, is valued at $3.92 million, with an average entry price of $79,294.90 and a floating loss of $47,400. He liquidated approximately 575.07 BTC and re-entered with 91 BTC, resulting in a total realized loss of $305,600 plus $14,400 in fees. Overall, his BTC position declined from around $43 million to $4 million. This move reflects adjustments in position sizing and trading strategies in response to recent market conditions.
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