Trader 'Maji' Expands ETH Long Position to $16.76 Million With Increased Unrealized Gains
Trader 'Maji' shifts from BTC to $23.85M in ETH and HYPE longs, underscoring sustained high-leverage trading in major and niche cryptocurrencies.
BTC
ETH
HYPE
Summary
On November 27, trader 'Maji' closed his Bitcoin longs and opened $23.85 million in new long positions across Ethereum (ETH) and HYPE, according to Hyperinsight data. His ETH longs now total $18.24 million, while HYPE longs account for $5.6 million. This move marks a shift in exposure from BTC to a concentrated focus on ETH and HYPE, reflecting continued aggressive deployment of capital into leveraged crypto trades.
Terms & Concepts
- ETH long position: A leveraged bet that the price of Ethereum will rise, where the trader profits from upward price movements.
- Liquidation price: The preset price at which a leveraged trading position is automatically closed to prevent further losses.
- Entry price: The price at which a trader opens a position, serving as the baseline for calculating gains or losses.