Maji's ETH long position was automatically liquidated during market volatility, with losses approaching $200,000

GasGuru · 2026-03-23T13:11:29+00:00

Well-known crypto trader Maji closed his ETH long position, suffering a loss of approximately $198,000, with his account balance reduced to only $33,600. He quickly opened a new position, and his continued trading indicates a bullish outlook on ETH. However, frequent trading increases risk exposure. This incident serves as a reminder for investors to exercise caution regarding risk management.

GasGuru

2026-03-23 13:11:29

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According to a report by BlockBeats on February 28, based on on-chain tracking data from Coinbob, well-known crypto trader Maji (real name Huang Licheng) experienced a significant setback with a long position in ETH. The trader’s position was forced to close during market fluctuations, triggering widespread attention within the industry regarding their risk management strategy.

Specific Situation of Maji Close Position

This Close Position involves approximately 1,212 ETH, with a total liquidation amount reaching 2.28 million USD. From the liquidation results, Maji suffered a loss of nearly 198,000 USD in this operation. After the liquidation, the balance in its contract account was only 33,600 USD. Notably, after closing the position, Maji did not choose to take a break but quickly opened a new long position, currently holding a position size of about 900,000 USD, with a preset closing price of 1,863 USD.

Ongoing Trading Challenges and Risk Management

From a longer time dimension, this account has conducted 162 transactions in the past 5 months, with 18 of them being purchases of ETH. This reflects the trader’s continued optimistic attitude towards ETH, but frequent trading also increases market risk exposure. The account transferred approximately $15.68 million to the Hyperliquid perpetual contract platform, but almost every large transfer ultimately ended in a loss.

The current ETH price is fluctuating around $2,140 (data updated on March 23, 2026). Compared to the long positions opening price from several months ago, market volatility remains severe. This closing position event once again reminds investors that even experienced traders need to handle risk management cautiously in high-leverage environmental trading.

ETH4.48%

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