On February 9, monitoring data from HyperInsight revealed significant trading activities by the well-known investor 'MaJi Brother'. The data showed complete liquidation of HYPE token long positions, with funds redirected towards Ethereum market.
Current holdings show 4,600 ETH long positions valued at approximately $9.46 million at current market prices. The average entry price was $2,068.6 with a liquidation price at $2,023.5. This strategic move demonstrates strong confidence in ETH market prospects.
Industry analysts suggest this portfolio adjustment might reflect renewed market trend assessments. As the second-largest cryptocurrency by market cap, ETH has been drawing increased attention from institutional investors recently.
Notably, this investor's previous trading style has been characterized by trend following. This significant portfolio restructuring indicates continued active participation in the digital asset market.