Brother Maji’s moves this time are truly something else—145 liquidations in one month. Just how intense is that? Since October, this Taiwanese rapper has been nonstop in the crypto world, getting stuck in the daily cycle of “adding to position → liquidation → recharging,” with such a rapid pace that many people are left stunned.

What’s even more brutal is that Brother Maji isn’t scared at all when he gets liquidated each time. Once his position is wiped out, he turns right around and puts more money in. This time, he directly put in 11.5 million USD to go long on Ethereum using 25x leverage. According to statistics, in the past month he has placed 10 trades in total—9 ended in losses and only 1 was a win, leaving him with a disastrous win rate of 10%. His cumulative losses have already exceeded 6 million USD.

Even more heartbreaking: in September, Brother Maji was still showing an on-paper profit of more than 45 million USD, and many people viewed him as a “market winner.” But once the October market turned, not only did he give all those gains back, he’s now also sitting on an unrealized loss of more than 18 million USD. Netizens’ comments are all over the place—some lament that “it’s either liquidation, or on the road to liquidation,” while others mock, “Is he an undercover planted by the short sellers?” But there are also people defending Brother Maji, saying that at least he hasn’t run away—he’s instead been adding liquidity nonstop. That point is genuinely admirable.

High leverage is a double-edged sword: it can amplify profits, but it can also magnify losses. Brother Maji’s real-world actions explain what “extreme tug-of-war” looks like. How Ethereum moves next may directly decide whether he can “turn things around” or whether he’ll keep going into “chain liquidations.” This has become one of the most closely watched topics in the crypto community.