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Investor sells BAYC NFTs to fund $1.48M Ether long positions despite heavy losses.

Market News
09 Nov 2026, 04:31 WIB
Tokenpost
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Bearish
Investor sells BAYC NFTs to fund $1.48M Ether long positions despite heavy losses.

Investor known as "麻吉大哥" sold multiple Bored Ape Yacht Club NFTs, including BAYC #32 for 12.5 ETH, to support leveraged long positions in Ether valued at about $1.479 million. Despite facing a $32,000 unrealized loss and liquidation on Nov. 6, he continued to sell NFTs at a total loss of $505,000 over five days to raise $223,000 for his Ether trades. This shows a high-risk strategy of using NFT sales to maintain leveraged crypto positions amid market volatility.

Investor "麻吉大哥" sold BAYC NFTs to fund $1.479 million Ether longs. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 09, 2026 08:51 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell today. Notable movers include SXP down 46.27% at Rp37, ONE down 17.16% at Rp31 with a 51% sell order activity, and BAL up 11.14% at Rp16.297 with a typical hold time of 85 days.

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