According to CoinMeta, on-chain analyst AI stated that Magi Lao Ge suffered a loss of $9.05 million within a week from high-leverage long positions, yet he continued to increase his bets. His HyperLiquid account was once profitable by up to $19.7 million at the end of September this year, but then its performance started to decline steadily. The most recent long position with a 40x leverage was opened on the early morning of October 16th, with bets increasing to $187 million, while a long position worth $11.74 million was fully liquidated five hours later, resulting in a loss of $1.08 million. As of now, ETH and BTC have incurred a total loss of $4.5 million from selling positions, and the remaining $110 million in BTC long positions (1,355.6 units) are currently at a floating loss of $287,000. There is a plan to set a stop-loss order when the price falls below $80,500.