Majestic Brother: ETH Longs Cut to $20K Margin

@EmberCN reports that trader 麻吉大哥 saw his Hyperliquid address liquidated to just $20,000 margin once ETH traded below $2,400. The account had rolled a $150,000 stake into $12.3 million during the August rally from $1,900 to $2,500, only to give it all back through repeated stops as price fell from $2,800 to $2,400 over the past twenty days, leaving a final $29,000 balance and an open long of 3,500 ETH that clears at $2,393. Total losses on the strategy since last year now stand at $36.68 million.

Price at $2,368.2 sits beneath both the EMA50 at $2,525.37 and EMA200 at $2,563.85, confirming the bearish structure while RSI(14) at 27.14 marks oversold conditions. With MACD printing a death cross at -29.75 and price testing the lower Bollinger band near $2,394.8, the next move hinges on whether sellers can force a clean break or if the oversold reading triggers a brief bounce into the $2,525 zone before continuation lower.