ETH whale ’Maji’ hit by repeated liquidations — ~$720k–$1.05M losses, still holds 2,500 ETH
An ETH whale trader known as “Maji” suffered multiple waves of liquidations during a sudden market drop. Earlier reporting showed 22 liquidations within 24 hours with cumulative losses of about $1.047 million and total account drawdown near $18.56 million. A later update (citing PA News and on-chain analyst Ai Yi) put the figure at roughly 6,489 ETH liquidated — an estimated $720,000 loss — while Maji still holds 2,500 ETH long (approx. $7.79M) with a latest liquidation price around $3,074.62 and an unrealized loss near $314,000. The trader also reportedly opened high-leverage ETH longs (e.g., a $340k 25× position at ~$2,738.76). The combined reports highlight concentrated risk from large, leveraged ETH positions and the potential for rapid cascading liquidations during sharp price moves. For traders: monitor ETH derivative funding and open-interest, watch key liquidation price levels (near $3,074), reduce position size or leverage, and consider liquidity conditions that can amplify volatility.
Bearish
Large, concentrated liquidations of leveraged ETH longs increase short-term downside pressure on ETH. The reported events — multiple liquidations totaling thousands of ETH and six-figure losses — indicate that sizable leveraged positions remain vulnerable to price swings. High leverage (reported 25×) and sizable remaining long exposure (2,500 ETH) raise the risk of further forced selling if prices dip toward liquidation levels (~$3,074), which can amplify volatility and push prices lower in the short term. For traders, this suggests higher tail-risk: reduced liquidity, potential spikes in funding rates, and accelerated deleveraging during sudden moves. Over the longer term, such events do not change ETH’s fundamental adoption narrative, but repeated liquidation cascades can undermine market confidence and elevate volatility until leverage is flushed and open interest stabilizes.