Maji reduces HYPE positions and shifts to increasing ETH holdings, a new strategy after a floating profit of 970,000

Brother Majie just completed a position adjustment: reducing HYPE to 98,000 tokens while increasing ETH to 7,700 tokens. What signals does this move reveal? At a moment when he just realized a profit of $1.53 million and ETH long positions are nearly $1 million in unrealized gains, why does he choose to continue adding to his positions rather than taking profits?

Details of the Position Adjustment

According to the latest data, Majie’s two position changes are as follows:

Reducing HYPE indicates Majie has taken some profit on this position. Although the unrealized profit is only $85, considering HYPE’s 17.81% decline over the past 30 days, maintaining a positive return is not easy. Increasing ETH is a more aggressive signal — he previously held a 7,100 ETH long with 25x leverage, with an unrealized gain of $975,000, and has now added another 600 ETH, bringing the total to $24.14 million.

The Logic Behind the Strategy Shift

Partial profit-taking or trend judgment

Majie’s reduction of HYPE can be understood as “taking profits when the time is right.” According to recent information, although HYPE ranks 13th in market cap, its recent performance has been weak, with a 0.77% decline over 7 days and 17.81% over 30 days. In this context, pulling out some chips from a position with relatively limited unrealized gains is a rational risk management move.

But what’s more noteworthy is the ETH increase. This isn’t a profit-taking move but a continued addition on top of existing unrealized gains. This reflects two possible judgments: first, Majie believes ETH’s upward trend is not over; second, he has enough confidence in this trade.

The necessity of reallocation of funds

Looking at the timeline, Majie closed his BTC and ZEC longs on January 3rd, realizing $1.53 million in profit. These funds need to be reallocated. His choice to reduce HYPE and increase ETH is essentially a “higher yield → even higher yield” transformation — shifting from a mediocre-performing position to one that has already demonstrated profitability.

This operational logic is common in trading: when one position has already gained profits and another has a clearer outlook, such adjustments are made.

The Other Side of Market Signals

However, it’s important to note that Majie’s move is not isolated. According to the latest on-chain data, interesting market divergence has emerged:

• Bullish defense: Previously, a whale who lost $13.73 million in high-frequency trading has started buying gold tokens like XAUT for hedging.
• Bearish accumulation: Whale 0x218 has increased ETH short positions to 18,875 tokens, worth $57.32 million.

This indicates that while market confidence among bulls is recovering, caution remains. Majie’s increase in ETH is a bullish sign, but he is facing a market where bullish and bearish forces are rebalancing.

Risk and Reward Considerations

Majie’s trading style has always been high leverage and heavy trend betting. Increasing ETH to 7,700 tokens, with a total value of $24.14 million, is already a sizable position in his history. According to reports, he has been liquidated 71 times due to high leverage, so this move also carries risks.

From another perspective, his “buy more on dips” strategy has been validated — ETH has risen from an entry price of $3,005 to the current level, with nearly $1 million in unrealized gains. This gives him confidence to continue adding.

Summary

Majie’s recent position adjustment reflects his real-time market judgment: the opportunity in HYPE is limited, and ETH’s trend is still upward. His flexible allocation ability is a key reason he survives in high-leverage trading. However, it’s important to note that bullish and bearish forces are rebalancing, with bears increasing ETH short positions, indicating that the upcoming upward movement may not be smooth sailing. His profit-taking rhythm and subsequent actions warrant ongoing attention.