On-chain data shows that the well-known investor in the crypto circle, Brother Ma Ji Huang Li Cheng, is once again performing a legendary high-leverage “hold a losing position”—his 15x leveraged Ethereum (ETH) long order has nearly realized gains of 5 million USD as the market initiates a pump. Even more astonishing is that the funding for this order amounts to 810,000 USD, but Ma Ji remains steady as a rock, prompting the community to exclaim: “Ma Ji is really stable!”

(Source: Hyperbot)
According to on-chain analyst Ai Yi's monitoring on September 13, the long order of Ma Ji Da Ge's ETH was once trapped in unrealized losses while consolidating at the market's low. However, he did not choose to stop loss and exit, but instead held on to his position with high funding costs, waiting for the right opportunity.
With yesterday's ETH price pump, this long order finally turned a loss into a profit, quickly accumulating to nearly 5 million dollars in unrealized gains.
This operation has sparked heated discussions in the encryption community. Some people bluntly said: “Brother Maji has always been firmly bullish, and the operation is really stable.”
Some people jokingly say, “You can say that Ma Ji is bad, but you really can't say that he's weak.”
In fact, this is not the first time that Mahji has reversed the situation under high pressure.
In July of this year, he simultaneously took a long order on PUMP, HYPE, and ETH with high leverage, holding onto his position even while facing an unrealized loss of 12 million dollars.
The final market reversed, not only successfully turning losses into profits, but also allowing his historical cumulative profits to exceed 30 million dollars.
This high-risk, high-reward trading style has earned Ma Ji the title of “King of the Old Chives” in the crypto circle.
Brother Maji's ETH long order has once again proven that in the world of high-leverage trading, in addition to judging the direction, one needs extremely strong confidence in holding positions and the ability to bear funding. Although this type of operation is not suitable for everyone, for traders who are familiar with market rhythms and dare to take risks, Maji's case is undoubtedly a classic lesson on “holding a losing position to victory.”
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