According to reports, Sun Yuchen opened a long position at 67,000 dollars in Bitcoin, holding 420 million dollars, with 460 million stUSDT as collateral. Once the news was exposed, it shook the entire currency circle! The current price of Bitcoin is around 57,000 dollars. If you want this contract not to be blown up, you must keep increasing the margin!
A few days ago, Sun Yuchen called on the German government on Twitter to buy their Bitcoin off-market. At that time, Sun Yuchen's biggest loss reached 66 million dollars, and many friends also said that he would not call on the German government for 66 million dollars. Our analysis is that such a big man cannot take a single asset, and there must be many combined assets, including some gambling agreements. A few days later, this explosive news broke out.
Many coin friends still have different opinions, thinking that "these hundreds of millions of dollars are nothing to him, it has endless wealth". What we are talking about now is his asset allocation on the surface. Are there many asset allocations that have not been exposed? In addition, we must understand that assets and funds are two concepts. The capital chain required by such a large company is beyond the imagination of ordinary people. Even if Sun Yuchen really has endless wealth and has nothing to worry about, would he still work so hard? He called out to the German government, but they didn't even glance at him, and they still posted a pinned tweet. It's still the same sentence, "You can doubt his character, but you can't doubt his ability to make money." He said that he was just busy running around with the mentality of giving back to society. Do you think people who know him will believe it? Then the name "Sun Ge" would be called in vain.
Sun Yuchen's call to the German government may really become a farce. If the entire market has been so sluggish, Bitcoin piercing $50,000 will really make "Sun Ge's" little heart beat for a while. Let's take a look at his exposed positions this year.
In February, 169,604 Ethereums were added at an average price of $2,870.
In April, 176,117 Ethereums were added at an average price of $3,177.
In June, 15,416 Ethereums were added at an average price of $3,474.
In July, 1,612 Ethereums were added at an average price of $3,100.
We may not believe what "Sun Ge" said, but his various operations with real money are credible.He is a firm believer and practitioner of the upcoming bull market.
