Posteo

Maji Huang Licheng reduced his ETH long position by 1,600 coins, worth about $3.33M. His current position size is $8.26M, with an average entry price of $1,888.23. ETH trades at $1,878.10, close to his liquidation price of $1,870.23. Current P&L shows a loss of $68,171.43, down ‑20.62%. Once a profitable NFT trader, his funds have shrunk dramatically from over $100M to just a few hundred thousand since October. Do you think aggressive leverage in crypto is more a path to fortune or to ruin?