Odaily Planet Daily report: As of September 8 at 14:30, 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, opened with 40x leverage at an average entry price of about $79,294.90, with an unrealized loss of approximately $47,400. During the reduction phase from last night to now, he has closed a total of approximately 575.07 BTC, while adding back around 91 BTC, resulting in a combined realized loss of approximately $305,600 from closing trades; after accounting for approximately $14,400 in transaction fees, the net realized loss amounts to about $320,000. His BTC long position has been reduced from an original value of approximately $43 million to about $4 million.
The long position in BTC has been reduced to approximately $4 million. Maji Brother reduced his position using 40x leverage, resulting in a loss of $320,000.
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Summary
According to Odaily, as of September 8 at 14:30, Huang Licheng’s (Maji Dage) BTC long positions decreased from approximately 541 BTC to 50 BTC, a reduction of about 491 BTC. The remaining position is valued at roughly $3.9174 million, with 40x leverage and an average entry price of $79,294.90, resulting in a floating loss of approximately $47,400. From the previous night to now, he liquidated around 575.07 BTC and re-entered about 91 BTC, incurring a total realized loss of $305,600. Including fees, the net realized loss amounts to approximately $320,000. His BTC long position has declined from around $43 million to about $4 million. Position sizing and trading decisions appear to have significantly influenced the outcome.
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