From a floating profit of 1.1 million to a floating loss of 610,000, the aggressive gamble behind Brother Ma Ji's new ZEC long position

Well-known trader in the crypto circle, Maji Gege Huang Licheng, opened a new 10x leveraged ZEC long position today, with a position of 888.88 coins, entry average price of $378. Behind this move is his continued increase in high-leverage long strategies. However, data shows that his overall position has an unrealized loss expanded to approximately $410,000, with Ethereum longs under the greatest pressure. From an unrealized profit of $1.1 million to an unrealized loss of $610,000, Maji Gege is experiencing one of the most thrilling high-leverage battles in the crypto world.

The aggressive attitude behind the new position

Signal of continued position increase

Maji Gege still chooses to open a new ZEC long position in the current market environment, reflecting his optimistic outlook on the future market. Although the new position size is relatively small (888.88 ZEC, entry price about $33.6K), he continues to add to his position despite the current unrealized loss, which demonstrates the aggressiveness of his trading strategy.

Multi-asset high-leverage layout

According to the latest data, Maji Gege’s current position details are as follows:

Ethereum long is the absolute cornerstone of his portfolio, with a 25x leverage position of 10,900 ETH accounting for the majority of the unrealized loss.

From peak to dilemma: a reversal

Astonishing loss magnitude

According to relevant information, Maji Gege’s account has experienced a shocking reversal:

• January 9: Unrealized loss of $400,000, liquidation price at $2,978.30
• January 10: Unrealized loss expanded to $610,000, liquidation price at $3,000.16
• January 11: Unrealized loss approximately $410,000 (latest news)

This volatility indicates intense market fluctuations, putting enormous pressure on his positions. Even more impressive is that he previously had an unrealized profit exceeding $1.1 million, meaning from the peak to now, the account has experienced a decline of over $1.5 million.

Approaching liquidation risk

The ETH liquidation price hovers around $3,000, which means if Ethereum’s price continues to fall below $3,000, his 25x leveraged position will face automatic liquidation. The current volatility of Ethereum is testing this risk threshold.

The dual nature of high-leverage trading

Why still add positions

Choosing to add to positions in a loss situation often reflects two trader mindsets: one is optimistic about a rebound and increasing positions to lower the average cost; the other is a forced hedge operation. The timing of Maji Gege opening a new ZEC long position requires observing subsequent market movements to judge the success or failure of his strategy.

Balance of risk and reward

High-leverage trading essentially uses a small principal to leverage large gains, but the same leverage also amplifies losses. 25x leverage means that a roughly 4% adverse price movement can wipe out the entire principal. The current situation fully illustrates this point.

Summary

Maji Gege’s story is a microcosm of high-leverage trading in the crypto world. From an unrealized profit of $1.1 million to an unrealized loss of $610,000, then continuing to add positions in adversity, it demonstrates both trader persistence and the risks of high-leverage strategies. With Ethereum’s liquidation price approaching $3,000, the subsequent market direction will directly determine the outcome of this gamble. For ordinary investors, this case clearly shows that high leverage can make you rich overnight or bankrupt you entirely; risk management should always come first.