Huo Xing Cai Jing reports that, as of September 8 at 14:30, according to TradingBeats monitoring, Huang Licheng's BTC long position has decreased from approximately 541 BTC last night to 50 BTC, a net reduction of about 491 BTC. The current remaining position is worth approximately $3.9174 million, with 40x leverage, an average entry price of around $79,294.90, and an unrealized loss of about $47,400. During the reduction phase from last night to now, he closed a total of approximately 575.07 BTC and re-entered with about 91 BTC, resulting in a combined realized loss of approximately $305,600 from closing trades. After accounting for approximately $14,400 in transaction fees, his net realized loss amounts to about $320,000. Overall, Huang Licheng has significantly reduced his original BTC long position of approximately $43 million to around $4 million and has confirmed losses during this reduction phase.
MarsBit: 'Maji Brother's' BTC position has shrunk to 10% of its previous size amid losses
MarsBitShare
Summary
MarsBit reports that 'Maji Brother' Huang Li Cheng’s BTC position trading has experienced a sharp decline. As of September 8 at 14:30, his BTC long position has dropped from approximately 541 BTC to 50 BTC, a reduction of 491 BTC. The remaining position is valued at $3.92 million with 40x leverage, an average entry price of $79,294.90, and a floating loss of $47,400. Over the past day, he liquidated 575.07 BTC and re-entered 91 BTC, resulting in a realized loss of $305,600 and $14,400 in fees. His BTC long position has decreased from $43 million to $4 million. Position sizing adjustments have clearly led to substantial losses in this round.
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.