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Maji's Strategic Shift: Liquidating BTC and HYPE Positions While Maintaining Aggressive ETH Exposure
According to HyperInsight data, trader Maji has made significant portfolio adjustments as of December 21. The move reflects a strategic repositioning amid current market conditions, with the trader taking decisive action on multiple fronts.
Most notably, Maji has fully exited BTC and HYPE holdings, signaling a shift in market outlook for these assets. However, the trader has maintained a substantial position in Ethereum, keeping a 25x leveraged long on 5,250 ETH despite trimming some exposure.
Current ETH Position and Risk Metrics
The remaining 5,250 ETH long position currently carries unrealized gains of $280,000, demonstrating the profitability of the sustained bet on Ethereum. With a liquidation price set at approximately $2,787, Maji has structured the position with considerable margin room given current ETH price levels around $3.15K.
This asymmetric positioning—full exit from BTC and HYPE combined with doubled-down leverage on ETH—reveals a nuanced directional thesis. Rather than a bearish market stance, the moves suggest selective confidence: confidence withdrawn from Bitcoin and the emerging Hyperliquid asset, while conviction in Ethereum’s near-term momentum remains strong enough to justify maintaining ultra-high leverage exposure.
The partial unwinding of ETH longs prior to this update indicates Maji is actively managing risk while the $280,000 cushion in unrealized profits provides tactical flexibility for either scaling or exiting further if market conditions deteriorate.