After 262 Liquidations, Trader 'Maji' Logs Back Into HYPE and ETH

In a remarkable display of market conviction—or perhaps audacity—trader Huang Licheng, known in crypto circles as ‘Brother Maji,’ has returned to aggressive positions despite enduring 262 liquidations. According to data tracked by lookonchain on February 5, the trader deposited 249,950 USDC to resume leveraged bets on two volatile assets. This pattern of relentless accumulation raises questions about both market determination and risk management in the derivatives space.

The Resilience Behind the Numbers

With 262 forced closures already on record, Maji’s continued participation in leveraged trading stands out as either exceptional conviction or exceptional risk appetite. Each liquidation represents a moment where market volatility exceeded his margin buffer, yet the trader continues to reenter the arena. The fresh capital injection suggests confidence in the current market environment or a conviction that these assets present compelling long opportunities.

Current HYPE and ETH Positions Detailed

The trader’s latest move reveals significant exposure across two assets:

HYPE Position:

• Amount: 26,000 HYPE (~$904,000 USD based on February pricing)
• Liquidation threshold: $26.93 USD per token
• Current market price: $31.52 USD (as of February 15)

ETH Position:

• Amount: 1,000 ETH (~$2.13 million USD as of the trade date)
• Liquidation threshold: $1,933.21 USD per token
• Current market price: $2.06K USD (as of February 15)

What These Liquidation Prices Tell Us

The liquidation prices reveal the trader’s leverage parameters. For ETH, a drop below $1,933 would trigger automatic position closure, suggesting roughly 6-7x leverage on the Ethereum position. Similarly, the HYPE liquidation price of $26.93 indicates aggressive leverage on this newer, more volatile asset. Both positions carry substantial downside risk but also amplify upside potential.

A Risky Game Continues

Maji’s story encapsulates the double-edged nature of crypto derivatives trading. While some might celebrate his persistence, the 262 prior liquidations serve as a sobering reminder that leverage magnifies both gains and losses. As HYPE and ETH volatile environments persist, this trader’s positions remain under observation—whether as a cautionary tale or a potential success story depends entirely on where these markets head next.