Trader "Maji" is set to cut losses and liquidate his Bitcoin (BTC) long positions, with the position expected to incur a loss of $1.3 million.

According to Tradingbeats data, crypto figure "Big Brother Ma Ji" (Huang Licheng) is set to liquidate his 40x leveraged long Bitcoin (BTC) position, which now holds only 23 BTC. Notably, the unrealized floating profit from Ma Ji’s BTC long once reached as high as $1.6985 million on September 4, when he held around 553 BTC with an average entry price of roughly $79,196.5, while BTC’s hourly peak hit approximately $82,268. His current BTC long position has incurred a total loss of ~$1.0371 million, including cumulative trading fees of ~$167,800 and funding fees of ~$79,900. If he liquidates the entire position now, the total loss for this round is projected to be around $1.308 million. Notably, while cutting losses on his BTC long position, Ma Ji has been steadily adding to his HYPE long position. His HYPE long position has risen to 212,000 tokens, with a net addition of ~96,500 tokens in the past 24 hours, equivalent to a new nominal value of ~$8.1 million at current prices. The address currently holds a HYPE long position worth ~$17.77 million, using 10x leverage, with an average entry price of ~$87.37 and an unrealized floating loss of ~$749,800. His recent HYPE additions were mainly concentrated in the price ranges of $86.5 and $83.4 to $83.9.