Maji Dage Closes HYPE Long Positions and Adds a Small BTC Position Amid Losses

iconKuCoinFlash
Share
This is the logo of the coin.
BTC
$79,613.10-1.85%
This is the logo of the coin.
ETH
$2,450.07-2.34%
AI summary iconSummary
Maji Dage Huang Licheng has adjusted his position trading strategy, closing all HYPE long positions and adding small 40x leveraged BTC longs, now holding 595 BTC. His 25x leveraged ETH long position stands at 40,900 ETH, valued at approximately $100 million. The total position value is $147 million, with a floating loss of $57,000 and a return rate of -1.3%. Position sizing remains a key factor in his current setup.

Odaily Planet Daily reports, according to Hyperbot data, Huang Licheng has just closed all his HYPE long positions and has begun slightly increasing his 40x leveraged Bitcoin long position, currently holding 595 BTC. Additionally, his 25x leveraged Ethereum long position currently holds 40,900 ETH, with a position value of approximately $100 million.

As of now, Magi Brother's total position value is approximately $147 million, with an unrealized loss of $57,000 and a return on investment of approximately -1.3%.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.