According to previous reports by Zombit, on August 13, Mahji Brother closed all long positions in Ethereum when the price reached $4,700, at which point the total account profit exceeded $30 million. Subsequently, Mahji Brother shorted Ethereum five times in quick succession, achieving a 100% win rate despite the short holding periods.
However, starting August 14, Mahji Brother began to actively accumulate long positions in Ethereum, even though the price was still above $4,700. As the overall market experienced fluctuations and declines, Mahji Brother did close some positions in the past few days, but he continued to maintain the grid trading model of “selling on rebounds and buying on dips.”
As of now, Mahji Brother’s Ethereum holdings have reached 23,100 coins, with a total value exceeding $100 million and an average acquisition price of $4,619, currently reflecting an unrealized loss of approximately $6.55 million. At the same time, he also holds a small number of long positions in Bitcoin, HYPE, and PUMP.
