Rising from Losses: 'Majie' Reopens ETH Long at 2533 USD

On January 31, monitoring data from HyperInsight revealed that 'Majie' suffered complete liquidation on his ETH and HYPE long positions, with losses amounting to approximately $210,000.

Counter-Move After Heavy Losses

Despite a staggering weekly loss of $1.57 million, 'Majie' has demonstrated resilience by swiftly adjusting his strategy and re-entering the market.

Notably, the investor has opened a new $510,000 ETH long position at approximately $2,533.72, signaling strong confidence in Ethereum's future outlook.

• ETH long entry price: $2,533.72
• Position size: $510,000
• Total recent loss: $1.57 million

This move has sparked widespread market discussion, with some analysts suggesting Ethereum may be approaching a short-term bottom after significant corrections.