Well-known figure in the encryption circle, Huang Licheng (Brother Maji), has recently made a big move.

On November 30th, Hyperinsight's on-chain data showed that he directly raised his long position in Ethereum to 28.6 million USD. The opening price was set at 2981.59 USD, and the liquidation line was set at 2885.75 USD. In other words, as long as ETH maintains the defense line at 2885, this position can be held steadily.

I have to say, the timing of this choice is quite subtle. The market has just gone through a round of corrections, and many people are still watching to see whether to buy the dip, yet he has directly placed heavy bets. Is he really optimistic about the future of Ethereum, or is it just a pure gamble on a rebound?

To be honest, 28.6 million is not a small amount. Ordinary players may weigh the risks with a few thousand or tens of thousands of dollars, while they directly pile up tens of millions. But then again, big capital has its own way of playing. We retail investors can just watch the excitement and learn some ideas; if we blindly follow the orders, we must think twice.

Ethereum is currently fluctuating around 3000 USD. Can it hold this position? Or will there be another wave of deep correction? There are significant differences in the market. Some believe this is a good opportunity to buy the dip, while others are concerned that the bottom has not yet been reached.

What do you think about this operation? Where do you think ETH can rise to in the short term? Feel free to chat in the comments.