Liquidation of 120 million, account left with 50,000, and he is still betting with more money!
Last night, the crypto circle once again witnessed the terror of leverage.
In just a few hours, Brother Mahji's account was 'hit' from 1.3 million dollars to just over 50,000โshrinking more than 96%.
This is not the first time he has staged this liquidation drama. Last October, he just experienced an even harsher one: 79 million dollars in ETH long positions were forcibly liquidated, with a profit and loss reversal exceeding 54 million dollars.
But after each massive liquidation, he always deposits hundreds of thousands of dollars within a few days, opens new positions, and continues to go long with high leverage.
Everyone is asking: After losing so much, how does he still have money?
The answer lies in the three layers of 'arsenal'.