Hundreds of millions evaporate in countdown, Maji's ETH long position hangs by a thread, with only $270,000 left in the account.

Just yesterday, after two consecutive liquidations, well-known trader Maji (Huang Licheng) has seen his high-leverage Ethereum long position on the verge of "ultimate liquidation." The liquidation price of his position (about $3025) is only a hair's breadth away from the current market price ($3033), and the available funds in the account are only $270,000. Any slight fluctuation could lead to the total liquidation of his position worth $7.73 million.