Ether draws scrutiny after 25x long liquidation reports

Key Takeaways:

• Partial liquidation of ETH longs tied to ‘Maji’ on Hyperliquid during market drop.
• Positions reportedly 25x leveraged, cumulative losses around $30M, within $30,000.
• Separate March partial liquidation wiped 1,212 ETH, highlighting recurring leveraged long stress.

According to Onchain Lens monitoring, ETH long positions tied to the handle “Maji” (also written “Maggie”) on the Hyperliquid exchange were partially liquidated during a market drop. The monitoring notes 25× leverage and places cumulative losses within $30,000 of the $30 million mark. The activity centers on leveraged Ethereum (ETH) perpetuals on Hyperliquid.

As reported by KuCoin News, prior incidents linked the handle to Huang Licheng, also known as Machi Big Brother, in coverage of ETH longs on Hyperliquid. That January 2026 note cited cumulative losses exceeding $25 million. https://www.kucoin.com/news/flash/huang-licheng-s-eth-positions-on-hyperliquid-fully-and-partially-liquidated-total-loss-exceeds-25m

Partial liquidation on derivatives venues reduces a position when margin falls toward maintenance levels. This process aims to limit total account loss while keeping a smaller position open. High leverage, such as 25×, narrows the distance to liquidation and amplifies drawdowns.

As reported by MEXC News in early March, a separate partial liquidation wiped out 1,212 ETH, leaving a minimal contract balance. That flash highlighted recurring stress around concentrated, leveraged ETH longs. The latest episode appears directionally consistent with those prior reports. https://www.mexc.co/en-PH/news/209372

The “$30,000 shy of $30 million” phrasing indicates a reported proximity threshold, not a finalized, audited loss. Such tallies are typically derived from monitoring dashboards and can shift with price, fees, and funding. Absent primary disclosures, the figure should be considered an estimate.

GateNews, citing PANews, characterized the episode as follows: “Maggie’s long ETH positions were partially liquidated, just $30,000 shy of a loss exceeding $30 million.” https://www.gate.com/tr/news/detail/19312090

The coverage relies on third-party monitoring rather than statements from Hyperliquid or the named trader. Figures of this kind may be revised as positions change or attribution is refined. The claim is best regarded as reported and subject to change pending direct confirmation.

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