Based on the latest on-chain data (as of April 2, 2026), Brother Ma Jie still maintains his "faith" on the Hyperliquid platform—long ETH with 25x leverage. However, compared to before, his position has undergone some new changes: from holding tightly and stubbornly to a more flexible approach of high selling and low buying.

Here are his latest position data and operational updates:

📊 Latest ETH Position Core Data

| Item | Latest Data | Status Explanation |

| ：--- | ：--- | ：--- |

| Position Size | Approximately 7,250 - 7,500 ETH | Valued at about $15.47 million, frequently adjusted between 7,250 and 7,550 recently. |

| Leverage Multiple | 25x | Leverage remains unchanged, still extremely high. |

| Entry Average Price | About $2,081 - $2,128 | Through high selling and low buying, has lowered the cost to around $2,081. |

| Liquidation Price | About $2,046 - $2,051 | This is the latest adjusted liquidation line, slightly higher than the previous $2,039. |

| Current Unrealized Profit | About $584,000 | As ETH rebounded to around $2,162, the position has turned profitable, with unrealized gains once approaching 97%. |

📈 Latest Operation Strategy: No longer stubbornly holding, switching to swing trading

Brother Ma Jie’s trading style has changed significantly today, becoming more like a "high selling and low buying" swing trader:

1. Frequent high selling and low buying to lock in profits: When ETH rose from $2,130 to $2,162, he gradually reduced his position in small amounts (about 25 ETH each time). This shows he is no longer blindly adding to his position and stubbornly holding, but choosing to lock in profits during the upward move.
2. Successfully lowered costs: Previously, his average entry price was about $2,139. After this round of flexible operations, the cost has been reduced to about $2,081, increasing his safety cushion.
3. Liquidation risk still exists: Although costs are lowered, with 25x leverage, the current liquidation price around $2,050 is not far from the current price. A roughly 4% pullback in ETH could still pose a significant liquidation risk.

💎 Summary

Brother Ma Jie has shifted from the "stuck and stubborn" mode to the "high selling and low buying" mode. During this ETH rebound, he successfully lowered costs and locked in some profits. However, the high 25x leverage remains a Damocles sword hanging over him; current profits could be wiped out at any market dip. This "blood-sport" style operation is highly spectacular but carries enormous risk. Do not blindly imitate. $ETH