Andrew Tate suffers a $67.5K loss in WLFI, later regrouping with a fresh long position.
In the world of finance, Andrew Tate's perpetual equity account has been making waves. Here's a breakdown of its current status and recent performance.
The account, as of the latest update, stands at a value of $141,664.09. This figure represents a significant return on equity of 26.11%. The account's winning trades have contributed to this impressive return, with a win rate of 67% from three open positions.
The account's holdings are primarily invested in the WLFI long, which forms 83.62% of the portfolio. This long exposure is valued at approximately $236,700, contributing significantly to the total position value of $281,871.80 across all trades.
However, the account's margin usage is high, at 76.29%, indicating a substantial investment in the market. The margin allocated to maintain the WLFI long alone is $95,309.84.
On the flip side, short exposure accounts for 16.38% or $46,170 of the account's holdings. This short position is not without its costs, with funding costs for the position standing at -$177.96.
Recent developments in the account include the liquidation of positions, resulting in the sale of 866,649 tokens of the cryptocurrency "Feg Token". These sales generated approximately $1.3 million for the account.
Lastly, it's worth noting that the account's withdrawable margin stands at a healthy $33,591.60, providing flexibility for future investments or withdrawals.
In conclusion, Andrew Tate's perpetual equity account demonstrates a strong performance, with a significant return on equity and a high win rate in its trades. However, the high margin usage and short exposure indicate potential risks that investors should be aware of.
