Cryptocurrency trader Brother Maji increased his 25x leveraged Longing Ethereum position on Hyperliquid after depositing 90,188 USDC , amid total losses exceeding $29.9 million.
The developments, observed through on-chain data monitoring, show that Brother Maji has resumed increasing leverage risk after having partially closed its positions due to partial Capital liquidation.
- Brother Maji went Longing on Ethereum with 25x leverage on Hyperliquid.
- Deposit an additional 90,188 USDC to supplement the margin.
- The company has already lost over $29.9 million following previous liquidations.
Ethereum 25x Longing position and Hyperliquid inflows
Onchain Lens noted that Brother Maji deposited 90,188 USDC into Hyperliquid to increase his Longing Ethereum position with 25x leverage.
The deposit of 90,188 USDC was used to increase Capital on the platform, allowing for the expansion or maintenance of a Longing Ethereum position at high leverage. 25x leverage typically means that even small price swings can significantly impact margin, increasing the likelihood of liquidation if the market moves against expectations.
Prior context: closing positions due to liquidation, losses exceeding $29.9 million.
Prior to the Longing position, Brother Maji had partially closed its position due to liquidation of some Capital ; the total loss now exceeds $29.9 million.
Information indicates that the previous trading strategy was at risk of liquidation, leading to position reduction. However, the new deposit and the choice of 25x leverage suggest Brother Maji continues to pursue a high-leverage strategy in cryptocurrency, while reported cumulative losses have exceeded $29.9 million.
