Maji's ETH position faces significant losses while liquidating positions in BTC and HYPE

ResearchChadButBroke · 2026-01-12T09:47:43+00:00

Huang Licheng, known as "Maji", has adjusted his trading portfolio, closing losses in Bitcoin and Hyperliquid. However, his 25x long position in Ethereum with 5,000 ETH faces a floating loss of $510,000, highlighting the risks of leverage.

ResearchChadButBroke

2026-01-12 09:47:43

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According to on-chain data monitored on December 18, the address associated with Huang Licheng, known as “Maji,” has made significant adjustments to their leveraged trading portfolio. Records show that this address recently closed its long exposures in Bitcoin and Hyperliquid, realizing accumulated losses exceeding $70,000 in these short-term trades.

However, the most pressing challenge for this trading strategy lies in the open Ethereum position. Maji currently holds a 25x leveraged long position with 5,000 ETH, which is currently experiencing an unrealized loss of up to $510,000. The key parameters of this operation are:

Entry Price: $2,933.47
Liquidation Price: $2,734.46
Quantity: 5,000 ETH

With Ethereum’s current price around $3,120 according to the latest quotes, the position is technically under pressure. The liquidation level represents a relatively narrow safety margin considering the 25x leverage used. This exposure reflects an aggressive strategy that critically depends on Ethereum maintaining or recovering to higher price levels.

Maji’s sequence of moves — liquidating losing positions in BTC and HYPE while maintaining an expanded position in ETH — suggests a risk restructuring aimed at recovery. However, the current unrealized losses keep attention on the inherent volatility of high-magnitude leveraged trading.

ETH6,82%

BTC3,57%

HYPE8,34%

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