According to analyst Yujin’s monitoring, during last week’s one-sided rally, “Maji Dage” increased his long position from $150,000 to $11.15 million through rollover trading, recovering $11 million. However, over the past 10 months, his cumulative losses from long positions in ETH still amount to $35 million; after this recovery, his net loss stands at approximately $24 million. Currently, Maji Dage holds long positions worth $129 million across assets including ETH, BTC, HYPE, and PUMP, with an overall leverage ratio of up to 12x.
Trader 'Maji Dage' recovers $11M using leverage, holds $129M in long positions.
TechFlowShare
Summary
A trader known as 'Maji Dage' used leverage trading to scale a $150,000 position to $11.15 million during a recent market rally, realizing $11 million in gains. However, over the past 10 months, his long ETH positions have resulted in $35 million in losses, leaving a net loss of approximately $24 million. He currently holds $129 million in long positions across ETH, BTC, HYPE, PUMP, and other assets, with an average leverage ratio of 12x. His strategy reflects a high-risk, long-term approach to crypto trading.
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.