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Big Brother Maqi's nearly ten million USD ETH long bet, liquidation line distance becomes crucial
According to on-chain data tracking, well-known trader Brother Maji recently established a significant long position in Ethereum (ETH). This operation involved 4250 ETH, with a total value of approximately $12.57 million, attracting market attention in the current ETH market.
Position Details Analysis
The average entry price for this long position is $2941, with a liquidation price set at $2710.2. From this price layout, Brother Maji holds a clear bullish outlook on ETH’s future trend, while also setting a relatively loose risk control line.
Based on the latest market data, Ethereum’s current trading price has risen to around $3.21K, indicating that this position is currently in profit. The difference between the entry price and the current price reflects the market’s positive performance since the position was established.
Market Significance
The appearance of large long positions is often seen as an important indicator of market sentiment. Behind such sizable holdings, it usually represents institutional or experienced traders’ judgment on the medium-term market trend. The liquidation price of $2710.2 still has considerable space from the current price, indicating that traders have a relatively conservative defensive setup.