Trader "Maji" Doubles Down on ETH Despite Heavy Losses—2,100 ETH Position After $738K Hit

OnchainDetective · 2026-01-12T13:13:29+00:00

Chain analyst Ai Yi reports a significant trading reversal by "Maji," who, after incurring a $738,000 loss from a liquidated ETH long position, re-entered with 2,100 ETH. Despite initial gains, their account balance has drastically fallen to $227,000, highlighting the risks of volatile leveraged trading.

OnchainDetective

2026-01-12 13:13:29

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Chain analyst Ai Yi’s latest on-chain monitoring reveals a notable trading reversal by “Maji.” After liquidating an Ethereum (ETH) long position that resulted in a substantial $738,000 loss, the trader immediately reopened a significant long exposure, acquiring 2,100 ETH worth approximately $6.18 million at the $2,900 price level.

The trading sequence underscores the volatile nature of leveraged positions in the crypto market. Following the initial loss-taking event, “Maji” pivoted into fresh long exposure, betting on further upside momentum. The account initially recovered to $3 million following this new position entry, reflecting early gains.

However, the subsequent price action proved challenging. The account balance has since eroded significantly, with current holdings now standing at just $227,000—a dramatic drawdown from the recovery peak. This trading pattern highlights the risks inherent in rapid repositioning strategies, particularly when deploying capital at critical support levels like the $2,900 ETH mark.

The current Ethereum price hovers around $3.12K according to latest market data, leaving the broader question of whether additional adjustments to the position may follow. Trading such substantial notional amounts—2,100 ETH represents meaningful exposure—amplifies both profit potential and drawdown risk.

ETH2,37%

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