On the evening of June 5, 2026, according to BlockBeats and Hyperinsight monitoring data, the well-known crypto whale "Maji" saw his Ethereum long position partially liquidated again, just half an hour earlier. This event occurred even after Maji had proactively reduced his position in an attempt to avoid it, indicating that the risk of liquidation could not be fully eliminated.
The core reason for the liquidation was that the liquidation price of his long position was extremely close to the actual market trading price. Even with the reduced position size, a minor adverse price movement still triggered the platform's forced liquidation mechanism. All positions were operated on the decentralized exchange Hyperliquid.
On-chain data additionally reveals that about one hour before the liquidation, Maji transferred $12,500 into his Hyperliquid account. However, this action failed to prevent the liquidation. Currently, the collateral value of Maji's long position stands at just $15,287.62, while the position size remains at 352 ETH—a stark disparity.