On December 5, 2025, the crypto world was once again flooded with a familiar name: Maji Brother (Huang Licheng).
This afternoon at the Asian market, ETH briefly dipped near $3100, and Maji Brother directly took action, increasing positions in Ethereum perpetual contracts at a low, instantly raising the total position amount to $37.36 million, hitting a new high in nearly a month. This is also the third time since the end of November that he has made a large-scale increase in ETH, with his account equity rising from a low of less than $2 million at that time to nearly $40 million, perfectly illustrating the saying 'as long as you are alive, there is output.'
Maji's faith and gambling nature
Maji has never been a conservative player.
Currently, this $37.36 million long position has an average opening price of about $3480, with leverage of 15-20 times, and the liquidation price is roughly in the $2850-$2950 range. In other words, as long as ETH does not fall below $2900, he will almost certainly not be forcibly liquidated. This is the confidence that allows him to go all in.
"I only go long, never short, because those who short will eventually become poor."
This statement made in 2023 is now regarded as classic by countless people. Today, he again proves with action: he is still the one who dares to turn on the light in the darkest times.
Tonight at 23:00, the PCE data will be the key trigger point
The market is paying so much attention to Maji's recent increase in positions; the timing is just too precise.
Tonight at 23:00 (Beijing time), the U.S. will announce the year-on-year core PCE price index for September, which is the inflation indicator most valued by the Federal Reserve. The market expects 2.9%, unchanged from the previous value.
Data meets or is below expectations → December rate cut of 25 basis points is basically confirmed, risk appetite for U.S. stocks and cryptocurrencies surges, ETH is expected to soar to $3500-$3800.
Data unexpectedly exceeds 3.0% → Rate cut expectations cool down, a long market with high funding rates may face a crash, ETH could test $3000 or even lower, Maji's liquidation price will also be tested.
Historical data shows that within 30 minutes of the PCE announcement, ETH's volatility often exceeds 5%, truly a "life-and-death speed."
The community's polarized reaction
Once the news broke, the Chinese community erupted:
Bulls: "Maji has bottomed out again; this time, following him is the right choice!"
Bears: "$37.36 million, 20x leverage, if PCE blows out, it's a one-click zeroing; don't be a retail investor."
Neutrals: "Maji is a beacon of faith, but following him requires caution; he can withstand liquidation, but you might not be able to."
Written at last
Maji has never been a value investor; he is more like a catcher of extreme emotions.
He uses real money to tell everyone: when everyone is in fear, it is often the greatest opportunity.
Tonight at 23:00, the PCE data will provide the answer:
Either Maji will harvest the faith tax again, or the market will teach him a lesson once more.
Regardless of the outcome, one thing will not change:
As long as Maji is still playing, this game will never lack drama.
Are you brave enough to follow?
Or will you just sit back and watch?
