A large Ether (ETH) long position held by trader Huang Licheng, known as "Maji," was reduced to about $54 million on October 8 due to ongoing liquidations. Previously valued at around $92.88 million, the position's liquidation price was $2,466.95, while ETH traded near $2,487, just about $20 above that threshold. The account's equity was $1.53 million, fully used as margin, meaning the position was close to being fully liquidated as ETH prices fell below $2,500. This reduction highlights the risks of leveraged positions in volatile crypto markets and suggests cautious monitoring ahead for similar trades.
Maji's Ether long position was reduced to about $54 million near liquidation. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 08, 2026 22:21 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell. Notable movers include ADA down 7.59% at Rp4.179 with 63% sell orders, SAND down 7.41% at Rp1.217 with 70% sell orders, and UNI down 7.08% at Rp129.623 with 73% buy orders.
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