The crash and liquidation, then a full position! Brother Ma Ji performs the 'strongest dead bull' extreme operation
Last night, Ethereum plunged to $2900, and the market was filled with wails. The most tragic case was the well-known figure 'Brother Ma Ji' — his long position of 7250 ETH was instantly liquidated, resulting in a single liquidation loss of up to $738,000, and his account was knocked back from $3 million to $227,000.
However, just when everyone thought he was going to meet his end, a magical scene appeared: this 'strongest dead bull of ETH' chose to make a comeback, directly betting $6.4 million and reopening a long position of 2200 ETH!
🔥 Operation Analysis: Faith or Gambling?
1. Extreme Faith: Doubling down after massive losses, it can be described as an ultimate faith game of 'either a turnaround or zero'.
2. Cost Consideration: The $2900 area is close to what many institutions consider a key support level, which could be seen as an opportunity for 'buying low'.
3. High-Risk Warning: This is essentially a life-and-death gamble with ultra-high leverage, do not imitate. For ordinary investors, gradually accumulating on dips in the spot market is the right way.
💎 Insights
Ma Ji's operation is a microcosm of extreme risk and faith in the crypto world. It reminds us:
· The market is always ready to punish those who are not compliant; risk control is always the primary lifeline.
· It’s best to just observe the big players' bets, finding a stable rhythm that suits oneself is the way to survive longer.
This kind of 'liquidation means adding positions' madness, do you think it is ultimate faith or suicidal gambling?
