「Majie」Suffers Another Liquidation with Total Losses Exceeding $28.8 Million

Another Liquidation for 'Majie'

On February 23, Onchain Lens reported that as the crypto market declined again, 'Majie' had all his ETH and BTC long positions liquidated.

Despite the losses, 'Majie' didn't back down and instead opened a new 25x leveraged long position on 1,700 ETH worth approximately $3.19 million.

Total Losses Exceed $28.8 Million

To date, 'Majie' has lost over $28.8 million, a figure that continues to rise.

• ETH and BTC long positions liquidated on February 23
• Re-entered the market with a high-leverage ETH position
• Total losses now exceed $28.8 million

Market analysts have warned that recent volatility in crypto prices has significantly increased the risk of high-leverage trading, urging investors to proceed with caution.