According to Mars Finance, on December 17th, Hyperinsight monitored that "Maji" Huang Licheng's address added a 40x long position in Bitcoin, with a position size of 17 BTC. The opening price was $89,663.9 and the liquidation price was $35,504.5. This long position has now lost 65%. The total unrealized loss of the account's long positions has reached $52,000, after previously having an unrealized profit of over $300,000.
My friend, who long on Bitcoin with 40x leverage, has already lost 65%.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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