Magi Brother, a major trader identified by the address 0x020c…5872, has suffered a $4.3 million loss following the complete liquidation of his long position amid a market downturn, according to Hyperbot data. Despite the setback, the trader has opened a new long position of 600 ETH, valued at approximately $1.762 million, with an average entry price of $2,941.68 and a leverage of 22.84 times. The current position's liquidation price is set at $2,865.54, and the account's available margin stands at zero. Over the past week, total losses have escalated to $22.83 million, highlighting the significant financial impact of recent market movements on the trader's portfolio.