💥Brother Maji has been liquidated today❗️❗️❗️
Recently, Brother Maji has indeed fallen into a liquidation predicament in the cryptocurrency market. On December 16, there were reports that since the market crash on October 11, he has been liquidated 200 times, with total losses exceeding 22.88 million USD. $ETH
💥The reason his situation has elicited different attitudes among retail investors primarily stems from the brutality of high-leverage trading in cryptocurrencies. In August-September this year, Huang Licheng had made over 44 million USD in floating profits from high-leverage long positions on ETH, BTC, etc., with a peak position value of 150 million USD, becoming the object of retail investors' following. However, after the market turmoil in October, his insistence on high-leverage long positions led to consecutive failures, and on November 3, his Ethereum long position with 25x leverage was liquidated, resulting in a loss of 15 million USD. Subsequent attempts to reopen positions were also quickly liquidated, and his account once dropped to only 1,718 USD. $BTC
💥Some retail investors mocked him, likely feeling that he previously carried a 'whale halo' when he made a fortune with high leverage, and now the contrast of his continuous losses is too great; while you may salute him, perhaps you acknowledge his boldness in placing heavy bets amidst market fluctuations. However, it should also be noted that cryptocurrencies are inherently extremely risky, and high-leverage trading is akin to 'dancing on a knife's edge.' Huang Licheng's experience is both an individual case and a typical reflection of the high risks in the crypto market. $DOGE #麻吉大哥 #麻吉大哥爆仓
🐶p u p p i e s 🐶
