On-Chain Data Tracking: Magic Ball Maji Injects Margin to Open Ultra-Large ETH Leveraged Long Position

According to on-chain monitoring mechanisms, Magic Ball Maji recently injected $1.2 million in margin and opened a 25x leveraged long position of 4,250 ETH. The position size reached $12.57 million, with an entry price set at $2,941.

Notably, the risk alert level for this position is at $2,710.2, which means that, given the current ETH price of around $3.16K, there is a certain safety margin between the position and the liquidation price. However, due to the high 25x leverage, any significant price fluctuations could have a substantial impact on this position. Such large leveraged operations are also often a focus for market participants' observation.