There are only a little over a hundred thousand dollars left on the books, and Ma Ji threw in another 250,000 USDC at midnight.
It's still the same strategy - after topping up, continue to long ETH. Currently holding a long position of 7.54 million USD in ETH, with an opening price of 2840 USD, and the liquidation line is at 2698.
After October 11th, the market seemed to have changed its script, basically going down all the way. However, Majie was determined to go long, resulting in buying more as it fell, and getting stuck more as he bought. By now, the principal has evaporated by 21.1 million USD.
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NotSatoshi
· 7h ago
Going all in on chasing rising prices will undoubtedly lead to failure.
There are only a little over a hundred thousand dollars left on the books, and Ma Ji threw in another 250,000 USDC at midnight.
It's still the same strategy - after topping up, continue to long ETH. Currently holding a long position of 7.54 million USD in ETH, with an opening price of 2840 USD, and the liquidation line is at 2698.
After October 11th, the market seemed to have changed its script, basically going down all the way. However, Majie was determined to go long, resulting in buying more as it fell, and getting stuck more as he bought. By now, the principal has evaporated by 21.1 million USD.