Investor Loses $42 Million in Just 20 Days Amidst Large Positions

MLM reports that investor Huang Licheng has incurred substantial financial losses despite holding a significant investment portfolio. After generating a profit of $44 million on September 19th, his account has seen these gains wiped out, leaving him with only $1 million in profits. Over the course of just 20 days, Huang suffered a staggering loss of $42 million. Notably, despite these losses, he maintains substantial long positions valued at approximately $150 million and a leverage level of 14.7 times.