High Leverage Drags Cryptocurrency Trader to Severe Losses

A cryptocurrency trader identified as ‘Maji Dage’ has suffered significant losses following a leveraged trading position on ETH. Odaily reports that the trader liquidated all long positions in HYPE, resulting in substantial liquidations exceeding $330,000. Their account is currently utilizing 124.82% of margin, with a leverage ratio of 31.2x, indicating an elevated risk of further liquidation. The trader’s losses have reached an estimated $2 million, despite the total value of their positions exceeding $7.12 million.