'This guy went all-in on BTC and got hit with a sell-off announcement, now facing a $700K unrealized loss and rising risks'

This dude just opened a long position on BTC and immediately ran into the MicroStrategy sell-off announcement. His unrealized profit flipped to an unrealized loss in an instant. Over the past hour, he kept adding to his position, and now his BTC long is up to 1,000 BTC ($61.75M) at an average price of $62,354. Currently, he's sitting on a $700K unrealized loss. The average price came down with the additional buys, but at the same time, the leverage ratio went up. His liquidation price is now at $58,109, which isn't exactly a safe spot. Address: https://(hypurrscan.io)/address/0x15a4F90亿B324A3fb9E361371360亿201E3Fe0DFDb -------------------------------------------------------------------------- Bitget: Join and you're instantly VIP! Crypto, U.S. stocks, CFDs—get ahead globally with one platform!