Maji Gege, if you don't know how to trade cryptocurrencies, then don't trade at all. Really, every time it's to blow you up, the market crashes down.

Huang Licheng (Maji)'s 25x ETH leverage long position is once again facing liquidation risk, only $22 away from the liquidation price. Since October last year, his ETH long positions have experienced at least 8 publicly recorded partial or full liquidations, with cumulative losses increasing from $19.35 million to $28.8 million (February data), during which he repeatedly engaged in a cycle of "liquidation - replenishment - re-liquidation."
This series of actions is not isolated. Research shows that his operations have always revolved around perpetual contract platforms like HyperLiquid, and he has switched leverage positions between tokens such as ETH and HYPE. The key signal is that, despite continuous heavy losses, he maintains a 25x maximum leverage and a long position, only passively reducing or slightly closing positions when extremely close to liquidation.
The publicly recorded liquidations over the past eight months outline a typical on-chain image of a high-leverage "dead long." His account has become a real-time indicator for observing extreme market volatility and retail leverage sentiment, but the source of funds for continuous replenishment and the capital endurance to bear huge unrealized losses remain an undisclosed mystery.
On June 1, according to OnchainLens monitoring, as the market declined, "Maji's" 25x leveraged ETH long position was partially liquidated again, and he also proactively closed some positions.
Currently, "Maji" still holds a 25x leveraged long position of 2,200 ETH, and the next liquidation price is only $22 away from the current market price. $ETH
{spot}(ETHUSDT)