Brother Ma Ji is shorting ETH at $2100-2200, not simply bearish, but a combination operation of flow + hedging + emotional gaming, the core reasons are as follows 👇
1. Flow IP First: Creating Topics with Reverse Operations
- He is recognized in the crypto circle as the 'reverse beacon', having been liquidated 280 times, losing over $26 million, with a zero win rate becoming metaphysical.
- Publicly shorting = brings its own traffic code: when going long everyone runs, when shorting no one dares to short, each operation can ignite discussions in the contract circle, maintaining the popularity of top IPs.
- Losses are 'program effects', backed by three layers of capital perpetual motion (traditional funds + early crypto principal + NFT liquidity) to cushion, liquidation is just a plot, there is always funding for continuation.
2. Position Hedging: Reducing Leverage + Controlling Risk
- The high probability is closing longs + opening shorts for hedging, rather than completely turning bearish.
- Previously held long positions with 25x high leverage, with the liquidation line approaching the market price, shorting is to reduce leveraged exposure, protect existing positions, and avoid one-sided declines leading to liquidation.
- Essentially it is still 'extreme risk for extreme attention', consistent with the previous logic of high-leverage eye-catching.
3. Emotional Gaming: Utilizing Reverse Consensus for Harvesting
- 'Ma Ji's Reverse Indicator' has become a market consensus; his shorting will trigger retail investors to reflexively go long, temporarily driving up ETH volatility.
- He can take advantage of emotional fluctuations for short-term trades: publicly 'performing catastrophic losses' in one account while profitably operating in a hidden account, using smokescreens to harvest followers.
4. Short-term Market Judgment: Oscillation Gaming Rather than Bearish
- $2100-2200 is a key oscillation range for ETH; shorting is a short-term game, not a long-term bearish outlook.
- His core still holds a long-term bullish view on ETH; shorting is merely a short-term risk control + traffic strategy in a volatile market.
Summary
His shorting of ETH is not a trading judgment, but a form of capital performance art: using public losses to exchange for IP popularity, controlling risk through hedging, and playing emotional gaming through reverse consensus. Retail investors should not copy his homework—he has a perpetual motion machine to cushion, while you only have real money to bear risks.
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