ETH had a slight pullback, and the profits from Ma Ji's long position on ETH have basically been given back. Now the price of ETH is only $42 away from his liquidation price.

This time, he used $500,000 to roll over and go long on ETH, starting from $2,840. The day before yesterday, when ETH rose to $3,200, the $500,000 turned into $3,340,000.

Rolling over amplified his profits, but it also raised his liquidation price to $3,000. As a result, early this morning, ETH pulled back and fell below $3,000, leading to two liquidations of his position.

The value of his position fell from $3,340,000 back to the current $730,000, and the profits from this long position have basically been given back. The remaining position is also only $42 away from the liquidation price.