Majige Trader: Loses $2.16M on BTC, ETH Longs

Notorious crypto trader Majige clings to long positions in $BTC and $ETH, bleeding $2.16 million over the past week and nearly erasing a month's profits down to just $187,000 remaining.

He maintains $40.59 million in longs, including 14,150 ETH valued at $32.41 million and 101 BTC at $8.18 million, with floating losses hitting $484,000 amid ongoing market pressure.

Zooming into the ETH 4-hour chart, price action hovers at $2,293.65 under a clear bearish structure, with the EMA50 at $2,318.99 capping upside as immediate resistance while the EMA200 at $2,276.16 provides shaky long-term support. Momentum stays neutral via RSI at 44.02, but MACD's -11.88 signals a death cross, reinforcing downside risks; volatility squeezes inside Bollinger Bands, testing the upper at $2,378 yet poised for exhaustion toward lower support at $2,262.62—confluence here screams a probable retracement to EMA50 before any rebound, especially as broader BTC hype fades and ETH price prediction models eye deeper corrections in this crypto market crash scenario.