After losing down to just over a hundred thousand dollars, my buddy continued to invest 250,000 USDC in the early morning. Still using the old formula, after investing, he continued to go long on ETH. He now holds a long order of ETH worth $754 million, with an entry price of $2,840 and a liquidation price of $2,698. 10/11 was a turning point for the market, after which it has basically been falling. My buddy, who is stubbornly going long, has thus been losing money all the way and has currently lost $2110 million of his principal.