BTC long position reduced to approximately $4 million, Machi Big Brother confirms $320,000 loss after cutting 40x leveraged position

Odaily News – As of 14:30 on September 8, Machi Big Brother Huang Licheng's BTC long position has dropped from approximately 541 BTC last night to 50 BTC, with a net reduction of about 491 BTC. The remaining position is valued at approximately $3.9174 million, using 40x leverage with an average opening price of around $79,294.9, and an unrealized loss of about $47,400. During the position reduction phase from last night to now, he has closed approximately 575.07 BTC in total, while re-adding around 91 BTC during the period. The combined profit/loss from closing prices amounts to a loss of approximately $305,600. After accounting for approximately $14,400 in fees, the net realized loss stands at about $320,000. His BTC long position has been reduced from roughly $43 million to approximately $4 million.