The newly released data shocked me. That account associated with “Maji Big Brother” lost $7.45 million over the past 7 days; the account’s net equity is down to just $640,000, and all of that $640k is put as margin on a long position in $ETH . The Ethereum long position, originally worth $92.88 million, has been cut off piece by piece along with the downward market these days—now it’s been slashed to only $20 million. The remaining lot’s opening price is 2626.94, the liquidation price is 2404.85. With Ethereum trading at about 2432, it’s only about 20+ dollars away from the liquidation line; the buffer is as thin as paper.
To be honest, my complaints are never about any one person. It’s this ever unchanged script: when the market moves down, the position gets “stubbornly held” and refuses to admit defeat, until it can’t be held any longer—then it’s forced to be cut segment by segment, until finally only a fraction is left in the account to keep getting put on. It always feels like “not closing means I’m not losing,” but leveraged accounts never listen to mouthy bravado. Net equity is the only scoreboard. Losing $7.45 million in a week and having a remaining balance of $640k—those two numbers side by side are more blunt than any candlestick chart.
Let me put it calmly: this has nothing to do with whether the signals are “working.” This is simply the standard attrition battle of high leverage in a downtrend. Your position can be cut smaller and smaller, but as long as your risk exposure is still open and hovering near the liquidation price, your account equity can speak for you at any moment. Watching the drama is one thing, but when it comes to the math of leverage, it has never offered any sympathy.
#行业动态 #cryptocurrency
If I could make money off a single news headline, I wouldn’t be writing this here. The above does not constitute investment advice.
To be honest, my complaints are never about any one person. It’s this ever unchanged script: when the market moves down, the position gets “stubbornly held” and refuses to admit defeat, until it can’t be held any longer—then it’s forced to be cut segment by segment, until finally only a fraction is left in the account to keep getting put on. It always feels like “not closing means I’m not losing,” but leveraged accounts never listen to mouthy bravado. Net equity is the only scoreboard. Losing $7.45 million in a week and having a remaining balance of $640k—those two numbers side by side are more blunt than any candlestick chart.
Let me put it calmly: this has nothing to do with whether the signals are “working.” This is simply the standard attrition battle of high leverage in a downtrend. Your position can be cut smaller and smaller, but as long as your risk exposure is still open and hovering near the liquidation price, your account equity can speak for you at any moment. Watching the drama is one thing, but when it comes to the math of leverage, it has never offered any sympathy.
#行业动态 #cryptocurrency
If I could make money off a single news headline, I wouldn’t be writing this here. The above does not constitute investment advice.