Trader 'Maji' wipes out nearly all of $12.3M ETH long profit, account down to $290K
- —ETH fell 4%, erasing nearly all of a $12.3M long profit
- —The trader's account is down to just $290K
- —A 3,500 ETH long faces liquidation around $2,393
Why it matters: Large leveraged ETH longs nearing liquidation could add to selling pressure if the price keeps falling.
Source: PANews