25x leverage heavy position on ETH—someone has already started placing a bet on the direction. On April 6, chain-on data shows that Ma Jie Huang Licheng has again added to his ETH long, increasing his position to 8,100 ETH, about $17.24 million, which he opened directly with 25x leverage. At present, he has an unrealized profit of roughly $450,000, with his entry cost near $2,081; his liquidation price is only a bit above $2,000. The room isn’t that large—this kind of move is clearly betting on the short-term direction. Simply put, big capital has already started taking action, and it’s an aggressive leveraged play. Such signals are often more real than news.