PANews September 16 news: According to Yu Jin, trader Maji (machibigbrother) used high leverage to roll over and go long on ETH in August. He rolled about $1.5 million principal into roughly $12.3 million while ETH rose from around $1,900 to about $2,500. Since September, ETH has repeatedly undergone tight-range fluctuations in the $2,400–$2,600 range, causing the frequently triggered stop-losses for its high-leverage long positions. As a result, the account’s net value has fallen from $12.3 million back to only $1 million. Yu Jin said that if ETH’s price drops another several tens to one hundred dollars, the remaining positions may be liquidated.