The cryptocurrency whale known as "Maji" has incurred nearly $4 million in losses due to partial liquidations of long positions during a recent market downturn. On-chain data reveals that Maji's positions, which initially showed profits, turned negative within the week as the market corrected. Despite reducing some of his Ethereum (ETH) and Bitcoin (BTC) long positions during an overnight price drop, certain positions were still forcibly liquidated.
Maji's current total position size stands at approximately $30 million, with critical liquidation prices set at $2,197 for ETH and $72,194.10 for BTC. This development highlights the volatility and risks associated with leveraged trading in the cryptocurrency markets.
Whale 'Maji' Faces $4M Loss Amid Market Correction
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