Big Brother Ma Ji makes a move again: 25x leverage to add ETH, with a single-day unrealized profit of $1.06 million

“Brother Ma Ji” Huang Licheng has once again made a big move in the market. According to the latest monitoring data, this well-known crypto trader continued to increase his long positions today, with a total unrealized profit of $1.06 million. His ETH long position is held with 25x leverage of 8,100 ETH, and his HYPE long position with 10x leverage of 240,000 tokens. This recent increase in positions has once again attracted market attention—why is this major player still adding to his positions at this time?

Position Structure Breakdown

Brother Ma Ji’s current long position allocation shows a clear asset allocation strategy.

From the allocation, it’s evident that Brother Ma Ji is more heavily betting on ETH—both in terms of position value and leverage. This configuration indicates a higher confidence in ETH and a willingness to take on greater risk.

The Logic Behind Increasing Positions

This is not Brother Ma Ji’s first time adding to his positions. According to relevant information, on January 4th, he sparked market discussion by increasing his ETH holdings. At that time, he opened a position of 7,100 ETH at a price of $3,005.8. Currently, ETH has risen to around $3,220, an increase of about 7.1%. In just two days, his unrealized profit increased from $877,400 to $1.06 million, an approximately 18% increase.

This continuous position increase signals several things. First, his continued buying after a low entry point suggests a clear bullish outlook for the market. Second, his willingness to add more with high leverage indicates a high risk tolerance or strong confidence in his judgment.

The Balance of Risk and Reward

It’s important to note that high leverage amplifies both gains and losses. According to records, Brother Ma Ji has experienced multiple liquidations in past trades. The “buy more on dips” strategy can yield significant profits in a bullish market, but if the market turns against him, the risk of liquidation can come quickly.

For this ETH long position, 25x leverage means that a roughly 4% decline in ETH price could trigger a liquidation. While current unrealized profits are substantial, the fragility of the position is also increased. This explains why he set take-profit sell orders around the $3,188–$3,200 range—an example of risk management.

Market Significance

From a market perspective, large traders’ position increases are often seen as signals. Brother Ma Ji’s continued bullish stance on ETH may reflect some professional traders’ optimism about Ethereum’s short-term trend. However, it’s important to remember that such signals are not always accurate—many market commentators believe his actions can sometimes serve as a “contrarian indicator.”

The increased position in HYPE is also noteworthy. This relatively niche token gaining attention from major traders could attract more market participants, but it also means the risk may be harder to predict.

Summary

Brother Ma Ji’s recent position increase exemplifies the current market behavior of major players—being willing to heavily allocate and leverage on assets they are bullish on. While unrealized profits of $1.06 million are impressive, the high risks behind such positions cannot be ignored. For ordinary investors, the key is not to blindly follow such moves but to understand the logic behind them—how to balance risk and reward when you have a clear judgment. It will be interesting to observe whether this trader continues to add to his positions and whether his take-profit orders will be triggered.