Going Against the Trend: A Bullish Bet
Data from Onchain Lens reveals that trader 'Majie' has continued to open long positions in the current bear market, showing strong confidence in the future of crypto assets.
Recent on-chain activity shows that 'Majie' has deposited an additional 250,000 USDC into Hyperliquid, opening leveraged long positions on multiple assets, including 25x leverage on ETH, 40x on BTC, and 10x on both HYPE and PUMP.
Why Take This Approach?
While the market remains volatile and prices are under pressure, this aggressive strategy highlights a long-term bullish outlook.
- The ETH position with 25x leverage indicates strong belief in Ethereum's ecosystem
- The BTC long with even higher leverage suggests strong expectations for a price breakout
- The HYPE and PUMP trades show awareness of emerging opportunities
Analysts note that while this level of leverage increases risk, it also reflects the trader's conviction in current price levels.Market Outlook
Historically, 'Majie's' strategy has been more long-term in nature, suggesting that these new positions may be signaling a potential market turning point.
As volatility continues, such moves offer insights for other traders. Whether this bullish bet will pay off remains to be seen.