PANews reported on December 6 that, according to on-chain analyst Yu Jin, Ma Ji (Huang Licheng) has basically given back the profits from his long ETH position, and is now only $42 away from the liquidation price. Maggie used $500,000 to roll over his long position in ETH, starting at $2,840. When ETH rose to $3,200 two days ago, his $500,000 had grown to $3.34 million. While rolling over his position to amplify profits, he also raised the liquidation price to $3,000. However, ETH retraced and fell below $3,000 early this morning, resulting in two liquidations. His position value has now fallen from $3.34 million to $730,000, essentially erasing all the profits from this long position. The remaining position is only $42 away from the liquidation price.PANews reported on December 6 that, according to on-chain analyst Yu Jin, Ma Ji (Huang Licheng) has basically given back the profits from his long ETH position, and is now only $42 away from the liquidation price. Maggie used $500,000 to roll over his long position in ETH, starting at $2,840. When ETH rose to $3,200 two days ago, his $500,000 had grown to $3.34 million. While rolling over his position to amplify profits, he also raised the liquidation price to $3,000. However, ETH retraced and fell below $3,000 early this morning, resulting in two liquidations. His position value has now fallen from $3.34 million to $730,000, essentially erasing all the profits from this long position. The remaining position is only $42 away from the liquidation price.
Maji's long ETH position has largely given back its profits, and it's now only $42 away from the liquidation price.
PANews reported on December 6 that, according to on-chain analyst Yu Jin, Ma Ji (Huang Licheng) has basically given back the profits from his long ETH position, and is now only $42 away from the liquidation price.
Maggie used $500,000 to roll over his long position in ETH, starting at $2,840. When ETH rose to $3,200 two days ago, his $500,000 had grown to $3.34 million. While rolling over his position to amplify profits, he also raised the liquidation price to $3,000. However, ETH retraced and fell below $3,000 early this morning, resulting in two liquidations. His position value has now fallen from $3.34 million to $730,000, essentially erasing all the profits from this long position. The remaining position is only $42 away from the liquidation price.
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