Just saw a savage move on-chain that left me stunned.

There’s a trader called “Maji Big Brother” whose Ethereum long got force-liquidated, instantly wiping out $738,000. His account plummeted from $3 million straight down to just $227,000... Normally, after a loss like that, most people would take a breather, right?

But instead, he immediately opened another long position for 2,100 ETH, which is about $6.18 million at market price!

I honestly didn’t see that coming. Is he really that confident about the future market, or is he just completely losing it? When the market crashes, some people panic and sell everything, some quietly buy the dip, and some... just double down after every loss.

To be honest, there are two messages behind this kind of move: First, he clearly believes Ethereum still has potential, otherwise he wouldn’t bet so big. Second, it’s also a bloody lesson—high leverage in a one-way market is really like dancing on a knife’s edge.

By the way, there’s a Musk-themed meme coin called PUPPIES that’s been pretty active on the Ethereum network lately, especially when gas fees dip. The tokens are fairly distributed, making it suitable for early positioning. But at the end of the day, meme coins are just a game of musical chairs—don’t throw your life savings in.

The question now is: Is this ETH move a bottom rebound, or just a pause before more downside?

My take is, sharp drops happen often in bull markets, and rebounds happen often in bear markets. Position management is always more important than guessing direction. Don’t just copy what the whales do and go all-in—surviving is the first step to being profitable.

What do you guys think ETH will do next?