Data: Andrew Kang went long with 100x leverage after the market crash, losing about $430,000 after being liquidated 14 times
According to ChainCatcher news, monitoring by Lookonchain shows that Andrew Kang, co-founder of cryptocurrency venture capital firm Mechanism Capital, went long on BTC, ETH, and ARB after the market crash on August 18. However, due to using leverage of up to 100 times, each long position was liquidated. He was liquidated a total of 14 times, losing approximately $432,000 in one day.
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