It’s incredible how one person can ruin the entire market
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“Maji” Today Has Cumulatively Reduced Positions by About $125 Million, Having Cleared Its BTC and HYPE Long Positions
BlockBeats message: On September 15, according to TradingBeats monitoring, the address of “Maji Big Brother” (0x020...5872) today continued to reduce positions on the long side. Although it replenished positions multiple times during the period, based on the total closed-out trading amount, it has reduced positions worth about $125 million.
Of these, the address has cumulatively reduced about 697 BTC, with a trading value of approximately $53.41 million; cumulatively reduced about 26,315 ETH, with a trading value of approximately $64.64 million; and cumulatively reduced about 88,750 HYPE, with a trading value of approximately $7.03 million.
Evening deleveraging was particularly concentrated. This address gradually reduced its BTC long positions from about 369 to zero, and reduced its ETH long positions from nearly 40,000 to 20,000. As of the time of publication, the address holds no BTC or HYPE positions, and only has 20,000 ETH 25x leveraged long positions, worth approximately $47.93 million. Its current unrealized loss is about $1.84 million.
Of these, the address has cumulatively reduced about 697 BTC, with a trading value of approximately $53.41 million; cumulatively reduced about 26,315 ETH, with a trading value of approximately $64.64 million; and cumulatively reduced about 88,750 HYPE, with a trading value of approximately $7.03 million.
Evening deleveraging was particularly concentrated. This address gradually reduced its BTC long positions from about 369 to zero, and reduced its ETH long positions from nearly 40,000 to 20,000. As of the time of publication, the address holds no BTC or HYPE positions, and only has 20,000 ETH 25x leveraged long positions, worth approximately $47.93 million. Its current unrealized loss is about $1.84 million.
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