#以太坊行情解读 There is more big news on the chain. A certain major trader's recent trading approach has attracted a lot of attention—using 40x leverage to go long on BTC, while simultaneously holding 10x positions in ZEC and HYPE. The account is still $23 million away from breaking even.

This strategy, frankly, is betting on a market rebound with ultra-high leverage. The mindset is understandable—after experiencing losses, there's a desire to quickly turn things around, and when the market shows any signs of recovery, to settle everything at once. But what is the cost of doing this? The risk is amplified infinitely. A 40x leverage means that a price fluctuation of just over 1 point could trigger a liquidation. This is no longer just a trading decision; it’s more like playing a high-risk game with market volatility.

Such massive leveraged positions themselves tend to become market hotspots. Near the liquidation line, price attraction effects can easily form, leading to intense volatility. We can see this as a signal to observe, but definitely do not follow the trade. Historically, such operations can occasionally succeed, but that’s a matter of probability, not a rule.

Trading ultimately is a long-term endeavor. Leverage may seem like a shortcut, but most of the time it’s a trap. Being able to survive and see the next market cycle is more important than anything else.