Last night, the giant whale 'Brother Ma Ji' executed a jaw-dropping extreme operation on $ETH: first, he reduced his holdings by 786 ETH, and then, as the price fell, he reversed and increased his position by 1250 ETH, raising his net holdings to about 3900 ETH, with a total value of over 12.2 million USD, the long position is suspended above the market with 25x leverage.
💥 Core Game: Risk, Faith, and Market Psychology
1. It's not just a simple 'sticking it out': his operation has a clear tactical logic. The previous reduction exposed the liquidation price of the position at $3042, and this increase is a typical 'buying the dip, lowering the average price' strategy, aimed at quickly improving the health of the position to avoid being forcibly liquidated during minor fluctuations. This is a precision risk reset, not a blind hard hold.
2. The ultimate belief in ultra-high leverage: daring to maintain 25x leverage in a volatile market indicates strong confidence in a short-term rebound for ETH. He is betting on a 'V-shaped reversal', wagering on the rapid recovery of market sentiment. This has exceeded the realm of ordinary investment, representing a radical bet with a strong narrative expectation.
3. Potential impact on the market: Such a huge high-leverage position has become a 'volatility amplifier' and a sentiment barometer for the market. If the ETH price further declines close to its liquidation line, it may trigger a chain liquidation, exacerbating market panic; conversely, if the price rebounds strongly, its successful 'escape from danger' story will greatly boost the morale of the bulls.
🚨 Insights for retail investors: Understand the script, rather than imitate the actions.
· Do not replicate operations: This is a 'battlefield game' for players with huge funds and strong risk tolerance; retail investors imitating it is equivalent to suicide.
· Focus on liquidity structure: This event reveals that there are many fragile high-leverage positions in the current market, and the risk of spikes has sharply increased. Be sure to set your stop-loss far from these critical liquidation areas.
· Observe ecological heat: The aggressive behavior of whales reflects expectations for the Ethereum ecosystem. This expectation may spill over, boosting the short-term heat of high-attention, low-market-cap projects (such as certain Meme coins), but their volatility will be even more intense.
This is a gamble about liquidity, sentiment, and risk tolerance. Do you think Brother Ma Ji can successfully 'lick the blood on the knife edge' this time, or will he become the next 'time bomb' in the market?
