Ma Ji increases ETH holdings by 100 tokens, signaling behind a floating profit of over one million USD

On-chain whale “Maji Gege” Huang Licheng has increased his Ethereum position again. According to the latest data, he added 100 ETH long positions, bringing his total holdings to 7,600 ETH, with unrealized gains reaching $907,000. This is not just a simple position increase but also reflects his clear bullish outlook on ETH’s future trend.

Position Details: The Logic Behind the Adjustment from 8,000 to 7,600 ETH

Maji’s ETH holdings have undergone recent adjustments. According to records, he reduced his position to 8,000 ETH to take profits on January 2, then increased it again to 7,600 ETH in this round of accumulation. These seemingly contradictory actions actually demonstrate refined risk management: first closing positions to lock in profits, then re-entering based on market rhythm.

Current position status:

This indicates that Maji’s average entry price is about $120 below the current market price, leaving room for further upside.

Portfolio Rebalancing: From BTC, ZEC to ETH, HYPE

More noteworthy is Maji’s recent overall rebalancing strategy. According to reports, on January 3, he closed out 40x leveraged Bitcoin and ZEC long positions, realizing over $1.53 million in weekly profits. Now, he is shifting to increase ETH with 25x leverage and HYPE with 10x leverage. What does this reflect?

• Risk Management Awareness: Taking profits timely rather than greedily holding on
• Market Judgment: Locking in gains from BTC and ZEC, shifting focus to a new round of bets on ETH and HYPE
• Leverage Adjustment: Maintaining ETH at 25x leverage, adding new positions in HYPE at 10x, demonstrating bullish confidence

Market Signal Interpretation

Maji’s accumulation actions are generally seen as important on-chain signals. The significance of this increase is:

• Price Recognition: Building positions at an average of $3,018 indicates he finds current levels attractive
• Future Expectations: Based on the mention of a $3,188.8–$3,200 take-profit zone, he anticipates ETH has an additional $120–$180 upside
• Risk Assessment: Choosing 25x leverage shows he has a clear understanding of risk, not blindly aggressive

Key Observations

From the data, Maji has placed a take-profit limit order in the $3,188.8–$3,200 range, which means:

• If ETH continues to rise by $48 (from current $3,138.76 to $3,188.76), the first batch of profits will be triggered
• How the remaining position is handled will determine the final gains of this trade
• This tiered profit-taking strategy reduces risk and increases profit certainty

Meanwhile, his HYPE long position is also noteworthy. Holding 102,888.88 HYPE tokens with unrealized gains of only $49,000 reflects his exploration attitude toward emerging projects.

Summary

Maji’s recent accumulation involves several key points: first, transitioning from profit-taking to further adding positions, demonstrating flexible operation based on market rhythm; second, an average entry price of $3,018 below current levels leaves room for further upside; third, the combination of 25x leverage with tiered profit-taking indicates mature risk management.

For market participants, large traders’ accumulation actions often serve as early signals of market sentiment. However, it is important to note that leveraged trading carries high risks, and Maji’s successful operations are not easily replicable. Moving forward, attention should be paid to whether ETH can break through the $3,188–$3,200 range and how this might influence overall market sentiment.