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Crypto news, Maji Huang Licheng increased his ETH long position by 250 units on the HyperLiquid platform, approximately $360,125. The current position size is $2,262,725, with the average price adjusted from $1,583.29 to $1,578.04. The current profit and loss is -$25,434.44, with a loss of -28.10%. The current ETH price is $1,560.50, and the liquidation price is $1,527.84. This trader previously profited from blue-chip NFTs, but since becoming active this year, he has experienced massive drawdowns starting in October, with funds shrinking from over 100 million to several hundred thousand dollars.
Is this a genuine belief in a rebound or just diluting the cost to save oneself?