Maji increased holdings by 37 million USD against the market trend, betting on Ethereum's rebound with 25x leverage! Is this a gamble or a clear insight?
In the afternoon, Ethereum was clearly falling, but Maji stubbornly increased his long position with 25x leverage, pushing his holdings to 37.36 million USD. This is not ordinary bottom-fishing; it is a clear signal to the market: I am bullish and willing to take on high leverage.
Continuously increasing positions amid a decline with 25x leverage is not something retail investors can afford. His unrealized profits have shrunk from a high of 860,000 USD, indicating he is bearing the pressure of price fluctuations.
A position of 37.36 million USD is considered large in the futures market. His actions alone could influence the short-term market, especially with high leverage positions where the liquidation line hangs like a sword over his head.
Players at this level usually have data or information sources we cannot see. He dares to increase his position against the trend during a decline, either because he sees support signals or is betting on a rebound.
Market sentiment is severely polarized; on one hand, traditional institutions like JPMorgan have recently downgraded their ratings on cryptocurrencies; on the other hand, tech companies like Meta are continuing to push for Web3 development. This polarization complicates short-term trends.
Although some large players are operating, there are currently no obvious signs of significant traditional capital entering the market. The market lacks incremental funds, mainly engaging in existing stock games.
This is not an operation that retail investors should follow; 25x leverage means that a 4% price fluctuation could trigger forced liquidation. Just because Maji can withstand it, doesn’t mean you can. His capital and possible risk control methods are not something ordinary players have.
The afternoon's decline may be close to the iron bottom he identified, such as a certain option's strike price or on-chain support level. His increased position is a bet that this level will not break.
If Ethereum stabilizes and rebounds later, everyone will say he is a prophet; if it continues to decline, his position will become a target for bears.
At this moment, the market is testing his judgment. If Ethereum cannot hold the key position within an hour, the whale's stop-loss orders may trigger a chain liquidation. I have set up alerts and will synchronize at the first instance at 聊天室.
