Old Huang's position is a bit tragic—from hundreds of millions to millions, still betting on BTC. The liquidation line is set so low, is he waiting for a black swan or does he really think it's the bottom?

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CoinNetwork
CoinWorld news: Machi Huang Licheng has opened a new position of 17.00 BTC at an opening price of $62,560.70. The current BTC price is $62,624.95, with a liquidation price of $32,991.24, and the position size is approximately $1,064,625.00. This trader previously profited from blue-chip NFTs, but since October of this year, he has suffered consecutive huge drawdowns, with his funds shrinking from over 100 million dollars to several hundred thousand dollars.
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