That man, armed with 25x leverage and an unyielding trading record, has been liquidated once again.

Brother Ma Ji (Huang Licheng), known in the Hyperliquid arena for "feeding fish with his body," recently achieved the tragic milestone of "a total loss of $31.3 million."

If Ethereum is the cornerstone of blockchain, then Brother Ma Ji is the "top fuel" for Ethereum bulls.
Liquidation artist: What does $31.3 million mean? It’s equivalent to him personally sending a New Year’s red envelope worth over 200 million RMB to the entire network’s shorts.

The stubbornness of 25x leverage: While others seek stability in crypto trading, Brother Ma Ji seeks “impact.” 25x leverage means that just a sneeze (a 4% drop) in ETH can directly wipe out his account.

The perpetual liquidation machine: How long does it take for an account balance to drop from tens of millions of dollars to $30,000? Brother Ma Ji tells you: just a pinprick. But his most hardcore move is—after liquidation, he immediately refills with $500,000 and continues to push his 25x long position to the max.

He’s performing a very new kind of charity.
Some say he’s gambling; others say he’s money laundering. But most retail investors think he’s using millions of dollars in tuition fees to tell us: cherish life, stay away from high leverage.
$ETH
#震荡行情交易策略
Brother Ma Ji’s main theme is “companionship”: as long as he’s long, the bears have something to eat.