Tsk, Brother AguilaTrades still can't escape the $400 million position loss curse: last time he opened a position at $329.1 million in profit, but increased it to $400 million. As of today, that profit not only disappeared but instead continued to incur a loss of $4.1 million.
In fact, the price at which he opened the long position last time wasn't high: $111,713. It's just that the leverage was too high; every little pullback caused him to stop-loss some of it; when it went up, he added more. Repeating this, all the capital got worn down.
(Many friends say this might be a hedge address, but which good person can hedge like this... this exaggerated wear-and-tear play, after a few rounds the principal is gone and what’s left to hedge? 😂)
Brother has opened a position of $400 million+ for the fifth time since June; every time the position goes above $400 million, he loses money, with no exceptions so far. The entire account has accumulated a loss of $38.2 million.
Currently still holding a long position of 1000 BTC, the liquidation price is still very close, only $400 away from the current price.
Address🔗👉: 0x1f250df59a777d61cb8bd043c12970f3afe4f925