Brother Maji ETH long order Get Liquidated: 1 million principal left only 360,000 overnight

[Bit推] On-chain data shows that the well-known figure “Brother Maji” faced a setback with his Ethereum long positions. His previous investment of 1 million USD had soared to 2.08 million during a market uptrend—more than doubling his account. However, the good times were short-lived, as a big dump this morning wiped out the unrealized gains, causing not only the profit to evaporate but also swallowing up more than half of the principal.

The current position is left with about 360,000 USD, which is equivalent to a direct halving of the principal and even more. From being fully invested to being forced to cut losses and exit, this wave of operations has sounded the alarm for all leveraged players - the market changes rapidly, and with high leverage, gains come quickly but losses come even faster.