Whale Machi Big Brother just opened a 3x leveraged Long position for Token YZY at an opening price of 1.22 USD per Token.

MAIN CONTENT

  • Whale Machi Big Brother uses 3x leverage for the Long position on Token YZY.

  • The opening price of the position is 1.22 USD/Token, with a total holding of 570,000 Tokens.

  • Currently, the position is experiencing a floating loss of approximately 41,000 USD.

What trades has whale Machi Big Brother made with Token YZY?

Whale Machi Big Brother opened a Long position using 3x leverage on Token YZY.

What is the current status of this whale's position on Token YZY?

Currently, Machi Big Brother's position is showing a floating loss of approximately 41,000 USD.

This figure represents the gap between the opening price and the current market price, putting pressure on the position financially.

This risk is common when using leverage as price fluctuations can significantly affect profits or losses.

Opening leverage increases profit potential but also significantly increases the risk of quick losses if the market moves against the player's expectations.

Quote from cryptocurrency financial experts, 2024

How does 3x leverage affect risk and profit in Token trading?

3x leverage allows investors to triple their exposure to capital in the market.

This means the potential profit increases, but the risk of loss is also significantly greater, requiring tight risk management skills to limit capital loss.

Small fluctuations in Token prices will be amplified and directly affect the value of the position.

What are real examples of leveraged trading and how do they affect positions?

In the case of Machi Big Brother, holding 570,000 Token YZY at an opening price of 1.22 USD/Token and using 3x leverage results in a position valued at approximately 642,000 USD.

Due to unfavorable market conditions, the position has incurred a floating loss of 41,000 USD, demonstrating the potential for rapid changes in investment value when using leverage.

Frequently Asked Questions

What is leverage in Token trading?

Leverage is a financial tool that allows investors to open larger positions than their owned capital, increasing profit potential and risk.

How do whales affect the cryptocurrency market?

Whales holding large amounts of Tokens can significantly impact price volatility and market liquidity.

How to manage risk when using leverage?

Investors need to set stop-loss points, closely monitor market fluctuations, and have a reasonable capital management plan.

What does floating loss mean?

Floating loss is the current loss that has not been closed, which can change according to market price.

What is Token YZY?

Detailed information about Token YZY has not been presented in the original content.

Source: https://tintucbitcoin.com/machi-big-brother-mua-570k-token-yzy/

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