Whale Trader ‘Big Brother Maji’ Places 1,800 ETH Order

Whale Trader “Big Brother Maji” Places 1,800 ETH Order

“Big Brother Maji” placed a limit order for 1,800 ETH at $4,550–$4,800, with 100 ETH already filled. The account opened a long position at $4,635, as reported by analyst Aunt Ai, using 25x leverage.

The cryptocurrency market witnessed a major move by Big Brother Maji, who placed an order for 1,800 ETH. Known for his large trades, Maji has affected market sentiments with this position, as noted by analyst Aunt Ai.

On-chain analyst Aunt Ai observed that only 100 ETH have been executed so far. The trade opens at $4,635, indicating Big Brother Maji’s strategy in anticipating market trends within a specified price band.

“This identifies $4,550–$4,800 as a visible supply zone where executions are occurring.”

The market reaction has been cautious with this large order announcement. Ethereum’s price might become volatile as traders react. Only parts of the order are filled, meaning potential for significant price impact remains.

Such active trades may influence funding rates and liquidity provisions. Markets are closely monitoring how these orders affect trading dynamics and leverage exposure given the 25x leverage employed by the trader.

Analysts suggest this may trigger price resistance in ETH due to substantial visible supply. Historical precedents show whales can manipulate market waves , leading to potential impacts on both ETH and wider crypto prices.

The implications of such whale activity might involve increased volatility and wider trading bands. Analysts draw upon previous whale actions that led to significant shifts, providing caution to traders and potential opportunities for seasoned investors.

The total value of positions reportedly stands at $110 million, with $133,000 in pending funding fees.