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📰 【"Maji" has increased their Bitcoin long position to 40x, with a total amount of $14.5 million, while also holding a $23.3 million Ethereum long position.】
BlockBeats news, on May 1st, according to HyperInsight monitoring, "Big Brother Maji" Huang Licheng just increased his Bitcoin long position by 40x to $14.5 million, with an average opening price of $76,357 and a liquidation price of $72,904.5. Maji also holds a 25x leveraged ETH long position worth $23.3 million, with an opening price of $2,311.63 and a liquidation price of $2,202.7.
On-chain data does not lie. What does this move by Big Brother Maji mean? A 40x leveraged BTC long position, with a liquidation level less than 5% away from the current price, and ETH also being held at 25x leverage. This is not trading; it’s betting on the direction with $14.8 million. I only look at the liquidation map and order book depth; such a level of leverage is no different than injecting liquidity into the market. 👇👇👇👇👇