On-chain analytics firm Onchain Lens identified a prominent Chinese investor known as Ma Ji Da Ge who deposited 90,188 USDC into the derivatives exchange Hyperliquid to bolster a 25x leveraged Ethereum long. The ETH long had previously experienced forced liquidations during periods of volatility, and the latest deposit is interpreted as margin reinforcement. It signals an intent to maintain or expand the position.
Analysts note that the whale’s renewed tilt toward Ethereum buying could influence near-term market sentiment. The development underscores ongoing interest from large holders in Ethereum amid volatile markets.
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