MagicalBro, a prominent crypto trader, has significantly increased his leveraged positions in Ethereum and Bitcoin, despite facing substantial losses. According to Onchain Lens monitoring, he has raised his ETH long position to 5,075 ETH with 25x leverage and initiated a new 20 ETH long position with 40x leverage. Additionally, he opened a 40x long position in Bitcoin. These moves come after depositing an additional 200,000 USDC, bringing his total deposits to 450,000 USDC.
Currently, MagicalBro's trading activities have resulted in losses exceeding $32 million. The aggressive leverage and substantial positions highlight the high-risk strategies employed by some traders in the volatile cryptocurrency markets.
MagicalBro Expands ETH and BTC Long Positions Amid $32M Losses
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