Brother Ma Ji closes with a profit of $1.53 million but still tests the edge of high leverage

“On-chain whale” Brother Ma Ji just closed out his Bitcoin and ZEC long positions with 40x leverage, achieving a weekly unrealized profit of $1.53 million. The performance looks impressive, but the story behind it is much more complex — he still holds Ethereum longs at 25x leverage and HYPE longs at 10x leverage, still dancing on the edge of high leverage. Is this profit truly a victory of making money, or just an illusion before the next liquidation?

The truth behind the $1.53 million profit

The double-edged sword of extremely high leverage

The core data of Brother Ma Ji’s recent liquidation is clear: all 40x leveraged Bitcoin and ZEC longs were closed, with an overall weekly unrealized profit of $1.53 million. This number looks tempting, but to understand its real meaning, you must look at the leverage multiple.

What does 40x leverage mean? It means that a 2.5% move in Bitcoin can result in 100% profit or loss. In other words, this $1.53 million profit is built on an extremely fragile foundation. A single adverse candlestick can turn profits into total loss.

What does he still hold now? Higher risks

According to the latest news, Brother Ma Ji’s current positions are:

• 25x leveraged Ethereum long: holding 7,100 ETH, entry average price $2,987
• 10x leveraged HYPE long: holding 25,888.88 HYPE, entry average price $24.5

This means he hasn’t reduced risk, only changed direction. From closing BTC/ZEC to increasing HYPE positions, this adjustment itself signals: Ethereum’s gains may not meet expectations, so he’s betting on altcoins.

What does historical data tell us

The cycle of profits and liquidations

Related information shows that Brother Ma Ji’s trading history is a typical high-leverage story:

• In 2025, he was liquidated 71 times within 19 days
• His maximum daily loss exceeded $21 million
• But in the recent week, he made a profit of $4.78 million (according to relevant info)
• Then he quickly adjusted his positions, shifting from reducing ETH to increasing HYPE

This pattern is clear: high-leverage trading is like going all-in at the gambling table, occasionally winning big, but in the long run, the probability of liquidation far exceeds sustained profits. According to data, on October 11, 2025, during Bitcoin’s crash, 1.64 million investors were liquidated, losing $19.2 billion. Among them, 87% used full-position mode, losing all their principal in a single fluctuation.

Market trend signals

From on-chain data on January 2, the overall market’s long and short forces are shifting:

Longs are reducing positions to take profits, indicating they are less optimistic about the future. Brother Ma Ji himself is also reducing ETH longs and increasing HYPE, which suggests Ethereum’s rally may be facing resistance.

Shorts are increasing positions, with a whale adding up to 18,000 ETH shorts worth over $57 million. Such conflicting signals often indicate the market is brewing for a correction.

What does this profit mean

A typical case of chasing quick gains

An interesting comparison from related info: Buffett’s 60-year investment career has generated about 6,100,000% returns for investors — the power of compound interest. Meanwhile, Brother Ma Ji’s trading style always pursues quick money, constantly testing the edge of high leverage.

The $1.53 million weekly profit is large in absolute terms, but within a risk assessment framework, it’s actually a warning signal, not proof of success. It means he’s betting on tiny price fluctuations with extreme leverage.

Risk control is more important than profit

From case studies in related info, many people’s problem isn’t that they can’t make money, but that they don’t know how to survive. Some only realize after liquidation that risk management isn’t about restrictions, but about having the confidence to stay at the table.

Brother Ma Ji still holds positions at 25x and 10x leverage, indicating his risk management philosophy hasn’t changed. Any adverse market move could instantly wipe out this $1.53 million profit.

Summary

Brother Ma Ji’s weekly profit of $1.53 million is essentially a short-term victory in high-leverage gambling. Historical data shows he was liquidated 71 times in 19 days, indicating this trading approach has a very low success rate.

The real question isn’t whether he can make money, but whether he can survive long enough. The truth about high-leverage trading is: it’s exhilarating when you profit, painful when you lose. In the long run, probabilities always favor risk control.

Following on-chain whale movements can indeed provide market insights, but understanding the risks behind their actions is even more important. This profit may just be an illusion before the next liquidation.