"Maji" went 40x long on bitcoin and has already lost 65%

BlockBeats News, December 17, according to monitoring, the address of "Machi" Huang Licheng has added 40x leveraged long positions in bitcoin, with a position size of 17 BTC, an entry price of $89,663.9, and a liquidation price of $35,504.5. This long position is currently at a 65% loss.

The total floating loss of the account's long positions has reached $52,000, whereas previously it had a floating profit of over $300,000.