After the U.S. stocks opened, Bitcoin and Ethereum accelerated their drop, “Maji” rapidly reduced positions to avoid liquidation

The pattern of U.S. stock open-linked retracements in the crypto market reappeared. Huang Licheng (“Maji”) rapidly cut his Ethereum long positions when the price neared $1,800. Known for frequently trading with high leverage, the trader’s cumulative losses since last September are now close to $80 million, and his position changes have become a micro indicator for market sentiment and liquidation risk.
Amid recent market volatility, “Maji”’s trading pattern has shifted from earlier stubbornly adding positions to more frequent swing adjustments, trying to find a balance between liquidation and profits. Just ten days ago, during a market rebound, he added positions to $17.08 million and achieved weekly gains.
After this position cut, his liquidation price dropped to $1,795.49, less than 1% away from the current price. With volatility intensifying, placing the liquidation line tightly beside the market price looks more like active risk management than passive reaction, suggesting his strategy may be shifting from pure long-side conviction to more pragmatic risk control. But leverage was not reduced, and the next market test is coming.
On July 17, after the U.S. stocks opened, Bitcoin and Ethereum accelerated their decline. As of the time of writing, Bitcoin is trading at $62,554.81, with a drop of 0.84% over the past hour. Ethereum is holding just above $1,800 and is now at $1,810.62.
Affected by this, “Maji” sharply reduced his Ethereum long positions within the past hour. According to monitoring by HyperInsight, his 25x Ethereum long position size has now been reduced to 3,500 ETH, worth $6.34M. His long liquidation price has also been lowered to $1,795.49, less than 1% from the current price. $ETH
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