Maji Brother Faces Extreme Liquidation Risk After High-Leverage Crypto Losses

Maji Brother Faces Extreme Liquidation Risk After High-Leverage Crypto Losses

Following a sharp ETH drop to $2,900, trader 'Maji Brother' closed positions with heavy losses before re-entering a multi-million-dollar long, deepening his high-leverage exposure and liquidation risk.

ETH

Fact Check
The assessment that the statement is 'likely_true' is based on a strong convergence of evidence from multiple high-authority primary sources. There is direct, verifiable on-chain data confirming both past losses and current, specific liquidation risk.First, the existence of high-risk leveraged trading is firmly established. A reputable crypto media outlet, PANews, confirmed Maji Brother was holding a 10x leveraged position valued at over $31 million. Another on-chain analysis account, Onchain Lens, directly reported he closed a 25x leveraged long position on ETH.Second, significant losses from these positions are explicitly reported. Feixiaohao, a major crypto data platform, stated he suffered a $19.4 million loss. A crypto influencer on Threads made a similar claim of a loss exceeding $20 million. The report from Onchain Lens about a partial liquidation also inherently confirms a realized loss.Third, and most critically, the direct risk of liquidation is corroborated by multiple sources. The on-chain analysis account Lookonchain provides the most precise evidence: a specific remaining 3,300 ETH leveraged position with an exact liquidation price of $2,831.58. This is a primary source confirming ongoing, quantifiable risk. Furthermore, the trading platform UXUY explicitly stated in a 'Star Trader Spotlight' that Maji Brother was 'pushed close to liquidation,' forcing him to deposit 250,000 USDC as additional collateral. Feixiaohao also reported he deposited more funds, an action taken specifically to avoid liquidation. The circumstantial evidence from AB Media, which notes a trading platform launched a 'Machi mode' to reward liquidated traders, further solidifies his public reputation for high-risk trading and liquidation events.There is no contradictory evidence among the provided sources. The lower-authority sources are either satirical or opinion-based but still align with the overall narrative. The combination of specific on-chain data, reports from data platforms, and corroboration from industry accounts provides a high degree of confidence that Maji Brother has suffered significant losses from leveraged trading and remains at risk of further liquidation.
Summary

On December 7, Ethereum’s price fell to $2,900, prompting trader 'Maji Brother' to close his ETH long positions with a $738,000 loss. He immediately opened a new long position of 2,100 ETH worth approximately $6.18 million. This move reduced his account balance from $3 million to $227,000, significantly increasing his vulnerability to liquidation due to sustained high-leverage trading despite recent market declines.

Terms & Concepts
  • Leverage: Borrowing funds to increase trading position size relative to available capital.
  • Liquidation: The forced closure of a leveraged position when margin requirements are no longer met to prevent further losses.
  • Unrealized Profit: Potential gains from open positions that have not yet been closed or settled.