Brother Ma Ji shorting from behind! Is it a market signal, or a high-level performance art?

马斯克概念P U P P I E S两周年生日快乐!

With a zero win rate, 'lamp' Brother Ma Ji recently placed a short order around ETH 2100-2200, reigniting discussions. This 'king of reverse indicators', who has faced liquidation over 280 times and lost tens of millions, has every move affecting the market's nerves—when he buys, everyone wants to flee; when he shorts, the market hesitates instead.

But the truth might be more intriguing: this may not be a directional judgment at all, but a meticulously choreographed show.

1️⃣ What he is losing is not money, but 'production costs'

The loss of several million dollars is real, but his capital structure is like a 'three-stage rocket': traditional business income, early crypto accumulation, and the sustained liquidity from NFTs. For ordinary people, liquidation means exiting the market, while for him, liquidation is just one episode in a series.

2️⃣ Shorting? Or just a hedging performance

He may not be bearish; he might just be closing long positions while using short positions for risk hedging. The core remains unchanged: using extreme risk to gain extreme attention.

3️⃣ Market insights are actually an emotional game

When 'reverse indicator consensus' forms, his actions will trigger reflexive reverse trading, amplifying short-term volatility. You don't need to analyze his direction; you should observe how the market 'utilizes' his consensus.

Don't treat the brother as an indicator; appreciate it as a performance art of 'loss marketing'. The only takeaway is his unreplicable risk control card—he has a continuous 'renewal' ability, while you do not.

Just enjoy the spectacle and return to your own rhythm. After all, the brother can lose and recharge, can you?

$ETH #US retail data underwhelming expectations