If $ETH continues to move upward, this trade is likely to become one of the most profitable trades for Majie in recent months.

This is not a small test of the waters, but a strategy of heavy positioning to ride the trend. The current position size is quite astonishing—25x leverage long position of 7,100 ETH, with an overall position value of approximately $22.3 million. Starting from a position built at $3005.8, it has already realized a floating profit of $975,000.

What does this position size indicate? It shows that Majie does not see $3000 as a ceiling; instead, he considers it a relay station.

Within the $3188.8 to $3200 range, he pre-placed a take-profit order for 200 ETH. It only needs to rise another $48 to trigger the sale. But this approach is quite interesting—it’s not about selling at the top, but about cashing out a small portion of the chips first, reserving space for a larger rally later.

What about the remaining 6,900 ETH? That’s the real point of interest. The key factor determining the profit ceiling of this trade isn’t at the $3200 level, but when and how Majie chooses to move the remaining position. Whether the market cooperates and his take-profit strategy, that’s what truly matters.