Just saw the on-chain data—Brother Ma Jie, Huang Licheng, recently closed out all his Bitcoin long positions, and HYPE also followed by fully clearing its position. However, he’s still a bit set on Ethereum, holding 6,800 ETH with 25x leverage, and currently showing a floating profit of more than $300,000. Is this move by Huang Licheng meant to hedge risk? It feels like the liquidation price of $2,039 isn’t really that far off—this kind of high leverage is kind of thrilling. What do you think: does he have confidence in ETH, or is he just gambling?

ETH-1.86%
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