Current Position of Crypto Traders in Critical Condition after Total Liquidation

An interesting incident occurred in the Ethereum market, where a prominent trader experienced significant losses. Data from the analytics platform Hyperbot shows that the trader’s long position 麻吉大哥 (0x020c…5872) was fully liquidated amid ongoing market pressure. This event reflects the high risks faced by traders when leveraging in volatile market conditions.

Full Liquidation and High-Risk New Position Opening

After their long position was completely liquidated, the trader quickly launched a new strategy by opening a new long position of 600 ETH worth approximately $1.762 million. However, this move was made with still high risk—opening at an average price of $2,941.68 per ETH with leverage reaching 22.84x. The decision to open a new position with doubled leverage indicates an aggressive strategy in facing market fluctuations.

It is important to note that the current position has no available margin as a buffer (zero available margin), meaning the account is in a highly vulnerable state to further price movements.

Loss Accumulation and Position Risk Level

The trader’s losses over the past week have reached $4.3 million, with total accumulated losses amounting to $22.83 million. This pattern indicates ongoing and increasing losses. More concerning, the liquidation price for this position is set at $2,865.54, only slightly below the opening price.

With ETH currently at $2,730 based on the latest data, this position is in the danger zone. If the price continues to correct toward the level of $2,865.54, this position will face liquidation again in a short time. This scenario emphasizes the importance of risk management and caution when using high leverage in such volatile markets.

This trader’s case serves as a valuable lesson on how excessive leverage can accelerate losses in unstable market conditions. The current position remains under market surveillance, given its vulnerability to ETH price movements.