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Ma Ji Da Ge’s ETH Long Position Increases by 800 ETH, Reaching $116 Million

The ETH position now stands at $116 million, with an unrealized loss of $1.88 million and a liquidation price of $3,142, according to HyperInsight.

ETH

Summary

On September 1, HyperInsight reported that the 'Ma Ji Da Ge' ETH long position was increased by 800 ETH, worth approximately $2.45 million. This raises the total position value to $116 million, with an unrealized loss of $1.88 million and a liquidation price set at $3,142.

Terms & Concepts
  • ETH Long Position: A long position in Ethereum (ETH) refers to a trader's bet that the price of ETH will rise, with the expectation of profiting from future price increases.
  • Unrealized Loss: An unrealized loss refers to a decline in the value of an investment that has not yet been sold or closed, meaning the loss is on paper rather than realized.
  • Liquidation Price: The liquidation price is the price at which an asset's position will be automatically closed by a broker or exchange due to margin requirements being breached.