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MarsBit: 'Maji' Closes $3.7M ETH Long Position, Remaining Position Near Liquidation

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On May 26, 'Maji' Huang Li Cheng adjusted his ETH long position through position trading, selling 1,777 ETH (approximately $3.71 million) over two hours, incurring a loss of $21,800. His remaining position is now 6,000 ETH, valued at $12.54 million, with a floating loss of 13.6%. The liquidation price is set at $2,072.90, and the current ETH price is just $20 (0.96%) away. This represents the closest-to-liquidation major ETH long position, underscoring the critical importance of proper position sizing in volatile markets.

Huo Xing Finance reports that, on May 26, according to Coinbob’s hot address monitoring, Huang Licheng, known as "Maji," partially liquidated his ETH long position over the past two hours, reducing his holdings by 1,777 ETH (worth approximately $3.71 million), resulting in a loss of about $21,800. As of publication, the address’s ETH long position has decreased to 6,000 ETH, valued at approximately $12.54 million, with a current unrealized loss of about 13.6%. The liquidation price is set at $2,072.90, and the current price is less than $20 (0.96%) away from the liquidation line, making it the ETH long position closest to liquidation among those worth millions. Address: 0x020ca66c30bec2c4fe3861a94e4db4a498a35872

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