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Brother Maji added 250,000 U in the early morning to continue going long on ETH, with accumulated unrealized losses exceeding 21 million USD.
[Bihui] On-chain data shows that Brother Maji's recent operations have gotten a bit carried away. Previously, the account was almost at the bottom, with only tens of thousands of USD left, but then he deposited another 250,000 USDC in the early morning to continue going all in on ETH long order.
The current position of this individual is: the total value of the ETH long order is around 7.54 million USD, with an opening average price of 2840 USD, and the liquidation line at 2698 USD. To be honest, this position is quite precarious.
Worse still, since the market started to fall on October 11, he has been constantly adding positions to catch the bottom, resulting in deeper and deeper losses—his cumulative floating loss has reached 21.1 million USD. It's a typical case of licking blood on a knife's edge, just waiting to see if ETH can give him a reversal opportunity. Such a level of position change does have a certain impact on market sentiment.