Maji Raises ETH Long to 6,860 ETH Worth US$14.15M

Trader Maji, also known as Huang Licheng, rolled over and expanded his Ethereum long position to approximately $14.4 million on March 5, 2026, according to multiple exchange-sourced reports. The move raised his average entry price and brought his liquidation level closer to the current spot price, creating a high-stakes setup for one of crypto’s most closely watched leveraged traders.

Maji Rolled Over His ETH Long to $14.4 Million

On March 5, Maji rolled over his existing ETH long position and increased total holdings to about $14.4 million. The rollover raised his average entry price from $2,023 to $2,066, narrowing the gap between his cost basis and current market levels.

$14.4 million

The position carried approximately $350,000 in unrealized profit at the time of reporting, representing a roughly 60% return. The liquidation price sat at $2,035, leaving a thin buffer of about $31 below the new average entry.

Maji also set a take-profit order between $2,130 and $2,202 to partially close 10% of the position. The twentieth long’s principal had grown from $250,000 to $860,000 in just two days, according to the same KuCoin report.

The scale of the position is notable in the context of recent ETH ETF outflows that saw funds shed 17,197 ETH, suggesting institutional and large-trader sentiment on Ethereum remains mixed even as individual whales maintain aggressive directional bets.

How Large Is the $14.4 Million ETH Long

The $14.4 million figure represents the notional value of Maji’s total ETH exposure after the rollover. This is an approximate valuation tied directly to the ETH price at the time of the position adjustment, not a realized profit figure.

According to an unconfirmed single source, the position totals exactly 6,860 ETH valued at approximately $14.15 million. However, both independently fetched English-language confirmations report the size as about $14.4 million and do not directly state the exact ETH unit count. Readers should treat the $14.4 million figure as the better-sourced estimate.

BingX independently described the same March 5 event, confirming the position size, 60% return figure, and $2,035 liquidation level. This cross-confirmation from two separate exchange news desks strengthens the core facts of the trade.

ETH Spot Price Sits Near Maji’s Entry Level

At the time of this report, ETH traded at $2,063.75, down about 3.71% over the prior 24 hours. That places the current spot price roughly in line with Maji’s reported post-rollover average entry of $2,066.

The proximity of the spot price to both the $2,066 entry and the $2,035 liquidation threshold means the position has minimal downside margin. A further decline of roughly 1.4% from current levels would reach the reported liquidation price.

ETH’s 24-hour trading volume stood at approximately $21.17 billion, with a total market capitalization near $249.3 billion. The broader market backdrop matters for leveraged positions like this one, as tightening credit conditions across financial markets can affect risk appetite in digital assets.

Why Traders Are Watching This Position

A long position of this size reflects significant bullish directional exposure to ETH. When a known trader commits over $14 million to a leveraged long, it draws attention from both retail and institutional participants who track whale activity for sentiment signals.

The tight spread between the entry price, spot price, and liquidation level makes this position particularly visible. If ETH drops below $2,035, the forced liquidation of a position this size could amplify selling pressure, a dynamic that security-focused market watchers and on-chain monitors track closely.

Conversely, if ETH reaches the $2,130 to $2,202 take-profit range, the partial close of 10% would represent a disciplined exit on a position that has already returned roughly 60%. The setup illustrates the risk-reward calculus that defines leveraged perpetual futures trading on platforms like Hyperliquid.

Key Risks and Limits of the Available Information

Several details remain absent from the available reporting. The exact leverage ratio on the position has not been disclosed. The specific perpetual futures venue, widely assumed to be Hyperliquid based on monitoring feeds, has not been confirmed in the English-language sources reviewed.

The original monitoring data appears to originate from a Telegram-based feed that was not directly retrievable for this report. A direct on-chain or platform position snapshot was also not available in a readable format, so the exact ETH unit count could not be independently verified.

The gap between the unconfirmed $14.15 million figure and the $14.4 million figure reported by both KuCoin and BingX remains unexplained. Differences may stem from the ETH price used at different timestamps or rounding in the original monitoring feed.

FAQ

Who is Maji?
Maji is the trading alias of Huang Licheng. He is tracked by on-chain monitoring services for large leveraged positions on perpetual futures platforms.

How large is Maji’s ETH long position?
The position is reported at approximately $14.4 million based on two independent exchange news sources. An unconfirmed report puts the size at exactly 6,860 ETH.

What does a long position mean?
A long position is a bet that the price of an asset will rise. Maji profits if ETH trades above his average entry price of $2,066 and faces liquidation if it falls to $2,035.

What is the liquidation price?
The liquidation price is the level at which the exchange automatically closes the position to prevent further losses. For Maji’s position, that threshold is $2,035.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.